Stock markets, oil prices and the euro have gained ground for a third day, spurred on by hopes that European banks will pass EU stress tests. The Dow Jones rose 0.5% in early trading, while European markets were up between 1% and 1.5% by mid-afternoon. The optimism also helped the euro add to a month-long rally, nearing $1.27. And US light crude oil rose above $75 a barrel, on hopes that the US and Europe would avoid a relapse into recession, though later slipped back. London Brent crude also rose towards $75 a barrel.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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