Stock moves higher on positive Greek News
Stocks market world wide showed a strong rally on tuesday on investors confidence that Greece won’t be allowed to default. Greece’s prime minister George Papandreou had won the confidence vote that increased the chances of pushing austerity measures in the country.
Japan’s Nikkei Stock Average rose 1.3%, Australia’s S&P/ASX 200 advanced 1.2% to 4561.1, South Korea’s Kospi Composite gained 1.1% and New Zealand’s NZX-50 was up 0.6%.DJIA futures were +16,and Australian S&P/ASX 200 rose to a five-day high of 4565.9 in opening trade.
On wednesday U.S fed’s will be revealing some hints when Federal Open Market Committee wraps up a regular 2 day meet with its decision on rates at 12:30 p.m. ET.This followed by Chairman Ben Bernanke’s second post-meeting press conference at 2:15 p.m. ET. You can watch it on CNBC channel that will be bring in special 4 hour coverage.
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