Post Tagged with: "europe"

Stocks rocket on Europe hopes

Stocks rocket on Europe hopes

U.S. stocks rallied strongly Monday as investors cheered a pledge from European leaders to unveil a plan for solving the eurozone’s debt crisis by the end of the month. The optimism pushed the euro up nearly 2% against the dollar. Commodities also joined in the party, with oil and silver prices gaining 3%. Over the [...]

Europe puts more on the line for banks than US

Europe puts more on the line for banks than US

Europe puts $2.3 trillion, far more than US, on the line for banks and stocks soar PARIS (AP) — Europe put $2.3 trillion on the line Monday to protect the continent’s banks, a figure that dwarfs the Bush administration’s $700 billion rescue program, in its most unified response yet to the global financial crisis after [...]