TSX Opens with a Bang
The Toronto Stock Exchange played catch-up with other surging global markets Tuesday morning after being closed Monday for a national holiday by posting its largest ever intra-day gain. Within fifteen minutes of opening the S&P/TSX index was up nearly thirteen percent with all ten sectors recording significant gains.
Morgan Stanley Predicts Euro Losses to Continue
Suggesting that the European Union’s $1.5 trillion bank support plan is insufficient to stem a long-term slide in the euro, Morgan Stanley analysts feel that the euro could fall to $1.25 by the end of the year.
Loonie Rebounds on Crude Oil Price Increase
After two days of severe losses, the Canadian dollar rises on the strength of commodities especially crude oil.
Market Rallies Continue in Asia and London
After record rallies on Monday, the optimistic mood continues with Asia and London leading the charge. Shares were up six percent by mid-morning in London while Japan’s Nikkei Index closed up over fourteen percent after being closed Monday for a national holiday.
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