Sentiment Temporarily Lifted by Potential Chinese Buying of Peripheral Debts

Wall Street advanced yesterday, driven by European bourses which had fluctuated between gains and losses throughout the day due to news about default and bailout. Financial markets were initially pressured as WSJ said that a French bank had difficulty in USD funding. Denial of the rumor, however, sent bourses higher. Shares were supported further by the talk that China might help rescue Italy by purchasing its bonds.

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Sentiment Temporarily Lifted by Potential Chinese Buying of Peripheral Debts