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Wednesday, September 12, 2012

Germany Court gives thumbs up to ESM

"European stocks rose for a second day, the euro strengthened to a four-month high and benchmark bunds fell after a German court allowed ratification of a bailout fund. Spanish and Italian bonds rallied, while commodities advanced." Reuters

GOLD1,747.7012.800.74%
OIL (WTI)97.820.650.67%


"The Federal Reserve is likely to announce a third round of bond purchases tomorrow, according to almost two-thirds of economists in a Bloomberg survey, while also extending the duration of its zero-interest-rate policy into 2015." Reuters

Is China's Central Bank next?

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