Dubai Bail-out Lifts Stocks

News that Abu Dhabi had pledged $10 billion to help Dubai pay its debts, helped lift stock markets in Europe and Aisa on Monday. In Europe, the FTSE 100 index of leading British shares was up 50.05 points, or 1 percent, at 5,311.62 while Germany’s DAX rose 53.93 points, or 1 percent, to 5,811.97. The CAC-40 in France was 21.02 points, or 0.6 percent, higher at 3,824.74.

The advance is expected to continue when Wall Street opens — Dow futures were up 46 points, or 0.4 percent, at 10,469 while the broader Standard & Poor’s 500 futures rose 6.1 points, or 0.6 percent, at 1,109.30.

Associated Press

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.