Citigroup Rescue encourages exchanges with spectacular increases
| Date: November 24, 2008 | Source: Economic @ 21 |
| Category: Bags and Markets | |
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Loading ... It seems that intervention in support of the second-largest U.S. bank, Citigroup, has received the approval of the financial markets, which reward is with one of the major climbs of the year.
Last week, Citigroup saw its shares fell to levels not had for 15 years. Today, after announcing a bailout worth of 16,000 million dollars, its value has climbed by 58%, and therefore some confidence returns to the financial sector that is spread with strong gains. Scale BBVA and Santander in Spain over 9%, Deutsche Bank meanwhile another 23.6% level in Europe.
Also the announcement of anti-crisis plan in the UK fans the flame that confidence returns to markets.
The selective IBEX35 a 8.13% level again exceed 8,600 points, highlighting Gamesa with a recovery of two digits to the 22.08% rise, accompanied by Acciona and OHL revaluations also above 15% at 16.72 % and 15.42% respectively.
In Europe, the scale EuroStoxx50 reaching even greater increases growth by 9.90%.
On the other hand, the U.S. continues to increases europe animated by the bank bailout, reaching increases of 4.54% for the Dow and the Nasdaq 6.31%.
Brent oil also once again gaining ground with escalating prices above 8% over the closing price on Friday. The euro also takes the upward trend closing at the altitude of $ 1.286.
