USA: U.S. stocks rise sharply after a coordinated move by central banks around the world to increase liquidity, boost investor confidence

Record ID: 187114

  • Title: USA: U.S. stocks rise sharply after a coordinated move by central banks around the world to increase liquidity, boost investor confidence
  • Date: 1st December 2011
  • Summary: NEW YORK CITY, NEW YORK, UNITED STATES (NOVEMBER 30, 2011) (REUTERS) (SOUNDBITE) (English) MAX WOLFF, SENIOR ANALYST, GREENCREST CAPITAL, SAYING: "So I think this is a spike rally on the relief that the worst isn't tomorrow. I think that if this actually inaugurates a period of global central bank coordination and policy maker coordination where the world's leading authorities and regulators have taken very seriously the threat posed by continued weakness in the euro area, then this will be the beginning of a reparation, a repair to the marketplace which will be very helpful to asset prices worldwide. If it is a 'one off', then it will peter out fairly quickly and then the old worries that haven't been vanished, they've just sort of been pushed back, will reassert themselves, probably sooner rather than later, and possibly more dramatically as opposed to less."
  • Embargoed: 16th December 2011 12:00
  • Keywords:
  • Location: Usa, Usa
  • Country: USA
  • Topics: Economy,Politics
  • Reuters ID: LVA68F487EWACDICJJNHRMFAQN8K
  • Story Text: U.S. stocks soar on central bank action.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2012. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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