Saturday, April 10, 2010

BBC News - Greece rescue hope sends euro and stocks higher

BBC News - Greece rescue hope sends euro and stocks higher: "The euro has jumped and stock markets have risen on reports that eurozone leaders have agreed the details of a plan to rescue debt-ridden Greece.
Leaders had finally agreed an interest rate at which to lend money to Greece, should it be needed, the reports said.
As a result, the euro gained more than 1 cent on the dollar, to $1.3466, while the Athens stock exchange rose 3.4%.
This was despite the fact that leading ratings agency Fitch downgraded Greek government debt earlier on Friday.
Other leading European markets also gained ground, with the UK's FTSE 100 index up 1%, Germany's Dax gaining 1.3% and France's Cac 40 rising 1.8%.
The in US, the main Dow Jones index briefly breached 11,000 points for the first time in 18 months, before closing up 0.6% at 10,997.
The euro also rose slightly against the pound, to 87.630 pence."

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