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Central Bank Easing and Recapitalization Plan Boost Optimism

Wall Street advanced more than +1% as led by another strong day for European bourses with the Stoxx600 soaring +2.7%. Both the ECB and BOE announced measures to add liquidity to the market and to stimulate growth. US data showed more signs of life ahead of the non-farm payroll report. In the commodity sector, the front-month contract for Brent crude jumped to a 1-week high of 105.88 before settling at 105.73, up +2.92%, while the equivalent contract for WTI crude jumped +3.65% to close at 82.59. Gold managed to climb high despite improved market sentiment.

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Central Bank Easing and Recapitalization Plan Boost Optimism

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