Global Markets: Fed Ignites World-Wide Rally; Stocks Recoup Post-Lehman Loss - CNBC: "World stocks reached over two-year highs last seen before Lehman Brothers' collapse and the dollar fell sharply on Thursday on rising risk appetite in the afterglow of the Federal Reserve's asset buying plan.
Bolstered by the U.S. Federal Reserve's $600 billion quantative easing plan to buy U.S. Treasurys, MSCI's all-country world index gained more than 2 percent, taking the index to a level last seen on Sept. 9, 2008, a few days before the collapse of the investment bank."
No comments:
Post a Comment