Global stocks soared on fresh bailout plans in Europe $XAGUSD

Last Updated on Tuesday, 27 September 2011 13:21

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US Equities advanced producing the Dow’s best session in a month given speculation that European policy makers will prevent additional financial contamination
European Equities soared after German business sentiment figures were well ahead of estimates, while the ECB said its policy makers are debating whether to restart covered-bond purchases along with new measures to ease monetary conditions
European Financials rallied with majors such as Barclays (156.00p, 6.9%), Credit Suisse (CHF22.47, 5.6%) and Deutsche Bank (€25.12, 8.7%) performing well
US Financials roared, Bank of America ($6.60, 4.6%), Citigroup ($26.72, 7.0%), JPMorgan Chase ($31.65, 7.0%), Wells Fargo ($24.79, 4.6%) – & Investment Firms – Goldman Sachs ($99.14, 4.2%) Morgan Stanley ($14.61, 6.5%)
Swiss-based UBS ($12.15, 8.0%) rallied after introducing a new Chief Executive in the wake of the $2.3 billion scandal and the resignation of CEO Oswald Grbel
Aircraft manufacturing giant Boeing ($62.01, 4.2%) rose the most in six weeks after completing first delivery of the much delayed 787 Dreamliner
Dow Jones 2.53% S&P500 2.33% NASDAQ 1.35%
A rebound in risk sentiment, weakened the US Dollar against the Euro, sending Gold for December as much as $106/oz off its lows. Crude rose 1.9% on improved appetite

Published by Spectrum Live Pty Ltd | www.spectrumlive.com

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