Temporary Ease on Greek Debt Crisis - 15 September Market Update

Join Trevor Yeung of City Index (http://www.cityindex.co.uk/) as he brings you the latest news from the trading floor on Thursday 15th September 2011:

- European shares appear set to advance mirroring gains on Wall Street and Asia. This is after French President Nicolas Sarkozy and German Chancellor Angela Merkel projected words of unity and support for Greece, easing fears of the pending debt default.

- China also announced today that it was willing to buy euro bonds from countries involved in the sovereign debt crisis. However the hope of China lifting the world economy out of chaos is perhaps wishful thinking. China only accounts for less than 10% of the world economy whereas the U.S., Europe and Japan combined account for more than 60%.

- In market news, the Nikkei climbed 2% earlier.

- Yesterday the Dow Jones closed up at 11246.

- FTSE was also up around 1% at 5281 and Gold down at 1814 dollars.

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Category:

News & Politics

Tags:

• china
• nikkei
• ftse
• dow jones
• gold
• debt crisis
• greece
• city index