Thursday, September 15, 2011

US Fed moves to help ECB...

Stocks jump on news that the ECB will offer European banks dollar loans coordinated with the Fed and other central banks. European shares are flying following central bank announcements of dollar funding availability to EU banks. Stoxx 50 +4.5%.

The dollar is getting sold across the board. Gold is tumbling, -2% to $1,790/oz.

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