Euro, Asia stocks get fillip from Irish bailout

SYDNEY: The euro, Asian stocks and commodities jumped in a relief rally on Monday after global financial authorities agreed to save debt-swamped Ireland and protect Europe’s wider financial stability. An agreement from the EU and the IMF to lend Ireland cash to tackle its banking and budget crisis gave investors a reason to buy back some of the assets sold off earlier this month. But gains were moderate suggesting investors remained cautious, in part because they did not want to risk year-to-date profits, with…

Continued here:

Euro, Asia stocks get fillip from Irish bailout

Posted by on November 22, 2010. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry