World Stock Markets Rally
By Alan Stewart Carl | Related entries in Economy, The World, Wall StreetThe week has started well for world markets as stock exchanges across the globe have rallied or are rallying to post significant gains. The increases are attributed to the coordinated global efforts to unfreeze credit markets, particularly the European Union’s and the United Kingdom’s decisions to fully back bank accounts and infuse troubling banks with billions in government funds.
We’ll see of the rally continues here in the U.S. There’s no doubt that there are and still will be numerous financial problems. But there’s at least the chance that the world has avoided an all-out panic. Let’s hope so.
This entry was posted on Monday, October 13th, 2008 and is filed under Economy, The World, Wall Street. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
