http://news.bbc.co.uk/1/hi/business/7624482.stm
Will this work or would it help in the short term?
Also
http://news.bbc.co.uk/1/hi/business/7624654.stm
The FTSE 100 index was up as much as 338 points or 7% to 5,218 in early exchanges, with banking stocks among the biggest risers. RBS was up 42%.
The gains come after the Financial Services Authority (FSA) announced its temporary move on Thursday night.
Other banking stocks that were up sharply included HBOS, up 36%, Lloyds TSB, up 33%, and Barclays, up 27%.
US Treasury Secretary Henry Paulson said he wanted a solution that "aimed right at the heart of this problem".
France's Cac 40 index was up 6%, while Germany's Dax had advanced 3.8%.
Wall Street's Dow Jones finished Thursday up 3.9%.
http://www.msnbc.msn.com/id/26786664/
"It definitely gives investors a light at the end of the tunnel," said Daniel McCormack, a strategist for Macquarie Securities in Hong Kong. "The solution is of such a magnitude that it could eventually fix the problems ... That's hugely important at the moment because that's what markets are focused on."
Will it work?
Will this work or would it help in the short term?
Also
http://news.bbc.co.uk/1/hi/business/7624654.stm
The FTSE 100 index was up as much as 338 points or 7% to 5,218 in early exchanges, with banking stocks among the biggest risers. RBS was up 42%.
The gains come after the Financial Services Authority (FSA) announced its temporary move on Thursday night.
Other banking stocks that were up sharply included HBOS, up 36%, Lloyds TSB, up 33%, and Barclays, up 27%.
US Treasury Secretary Henry Paulson said he wanted a solution that "aimed right at the heart of this problem".
France's Cac 40 index was up 6%, while Germany's Dax had advanced 3.8%.
Wall Street's Dow Jones finished Thursday up 3.9%.
http://www.msnbc.msn.com/id/26786664/
"It definitely gives investors a light at the end of the tunnel," said Daniel McCormack, a strategist for Macquarie Securities in Hong Kong. "The solution is of such a magnitude that it could eventually fix the problems ... That's hugely important at the moment because that's what markets are focused on."
Will it work?
Last edited by ELITE-UK (2008-09-19 04:07:25)