Sentiment Lifted as Germany Shows Support on ECB

Financial markets were lifted despite the lack of news and dataflow. Apparently, investors were buoyed by the ECB’s plans to support sovereign bonds and Germany’s support to the plan. Wall Street gained with the DJIA and the S&P 500 adding +0.16% and +0.23% respectively. Crude oil prices rose with the front-month WTI contract rose to a 3-week high of 92.33 before settling at 92.20, up +0.88%, while the equivalent Brent crude contract soared to almost a 3-month high of 109.77 before ending the day at 109.55, up +0.56%.

See the original post: 
Sentiment Lifted as Germany Shows Support on ECB