Tag Archives: euro

Euro Euphoria : Stocks Surge on Latest Bailout Plans, Proposals and Rumors

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Stocks rose on the first Monday renewed hope for another solution to the crisis of sovereign debt in Europe.
Following the huge benefits to Europe’s most important stock exchanges, the Dow was recently up-more than 300 points while the S & P 500 rose by 3.2%. The euro rallied sharply against the dollar, putting upward pressure on raw materials such as gold and oil and other so-called risk assets, while Treasury prices fell.
In addition to a good start to the U.S. holiday shopping season, several factors have contributed to the initial euphoria, including:

Voices, which has since denied a bailout from the IMF for Italy.
New guidelines to be discussed at a meeting of finance ministers later this week, allowing the Fund to ensure financial stability by up to 30% of the struggling nations of debt offerings.
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Futures drop on Italy, the eurozone to worry

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MarketGadget – Decline in futures Italy, the eurozone to worry

Stock indices fell Monday as the political crisis in Italy has sparked the crisis, regardless of the debt in the euro area could consume the region’s third largest economy.
Italian reference bond yields reached their highest level since 1997, reaching levels seen as unsustainable, before a crisis on public finances vote in parliament Tuesday.
Italian Prime Minister Silvio Berlusconi has one day left to win the undecided members of parliament and stop a group of rebels threaten to topple his government in a game on its failure to adopt reforms to defuse a debt crisis.
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