Asian Markets Rally on European Finance Ministers Bailout

Asian markets begin the week off with a big bang Monday morning - Sunday evening in the U.S after the European Finance Ministers approved to provide Spain with €100 billion or $125 billion dollars in much needed assistance to shore up Spain's allying banking system.

Japan's Nikkei jumped 2% in early trading? The Korea's Kospi  jumped as well by 1.6%.  Australia's exchanges are on holiday.

WTI crude oil futures are moving on the news as well moving $2 higher at the open of electronic trading.  Copper futures are on the move as well up by 2%.

 

Leave a Reply