Saturday, June 16, 2012

Europe rallies on improved sentiment, UK plans for a £100 billion support programme for the British economy

All investors and forex traders eyes focuse on Greek elections problem solving, Hopes for central bank action mount, Reports that authorities from leading economies are prepared to provide liquidity to financial markets after Greek elections, if needed, boosts sentiment to good situation
Economic news from England, All Markets welcome Bank of England action, Markets give a cautious welcome, with banks leading FTSE shares up nearly 1%, to UK plans for a £100bn support programme for the British economy, positive sentiment for index and stocks market
Meanwhile, HKEx agrees to buy LME for £1.4bn, Asian stock exchange is set to win control of metals market after its offer is recommended, which if successful will catapult it into global league
But anyway, Easy money won't sate hunger for real assets, Although idea of central bank action is seductive and quick to implement, it is temporary and will not change the price of riskier assets
Stocks info, S&P 500 lifted by hopes of stimulus action, Defensive sectors and financials among top performers in the week, with investors, stocks and forex traders optimistic over central bank action to support markets
As we reported before, Japanese Yen gains as Bank of Japan holds policy settings, JPY makes gains against the dollar, the euro and sterling as the Bank of Japan opts for no further monetary easing after its two-day meeting, JPY stronger than before
Stocks info from London stocks exchange we reporting, London stocks edge higher on policy action, Banks, miners and oil producers rally as Bank of England announces liquidity measures and further QE, but gains tempered by Greek election fears
Meanwhile, Eurozone in good sentiment, Europe rallies on improved sentiment, Arcelor, Mittal and Crédit Agricole leads rally amid hopes that central banks will take action to calm markets if Greek elections cause turmoil
Latest stocks exchange news in Asia region, Asia rises on central bank stimulus hopes, Investor sentiment cheered by co-ordinated global action, with gains for Hang Seng led by Esprit rebound and gains for resource stocks in Sydney

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