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Asian stocks closed high anticipating favorable ruling for Europe's permanent bail-out fund. Germany's highest court was to rule on whether Europe's permanent bail-out fund is legal.
Ruling was given after closing of Asian markets and investors await to see more gain tomorrow. European stocks started to rise after Germany's highest court decided backing the country's participation in the bailout fund.
LONDON :
Investors breathed another sigh of relief Wednesday, sending the euro above $1.29 for the first time in four months after Germany's highest court rejected calls to block the Europe's permanent rescue fund, removing another uncertainty from Europe's efforts to solve its debt crisis.
Source: financial pages of all news channels
Ruling was given after closing of Asian markets and investors await to see more gain tomorrow. European stocks started to rise after Germany's highest court decided backing the country's participation in the bailout fund.
LONDON :
Investors breathed another sigh of relief Wednesday, sending the euro above $1.29 for the first time in four months after Germany's highest court rejected calls to block the Europe's permanent rescue fund, removing another uncertainty from Europe's efforts to solve its debt crisis.
Source: financial pages of all news channels
