Merkel’s Support on Draghi’s Bond Purchases Lifted Sentiment
Financial markets soared on Thursday despite mixed US economic data. It’s Germany Chancellor Angela Merkel’s comments that lifted sentiment. Moreover, investors were also relieved for the time being after news that Spain would soon receive an installment of funds from the EFSF to help recapitalize one of its banks. Wall Street gained with the DJIA and the S&P 500 rising +0.65% and +0.71% respectively.
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Merkel’s Support on Draghi’s Bond Purchases Lifted Sentiment
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