European stocks soared today, on account of a surprisingly positive resolution to the latest financial crisis in Greece. The country will now be able to access over $11 billion in new loans, taking away one big area of concern for the EU. Europe's STOXX 600 index jumped 1.3% on that news.
Higher oil prices helped also, with crude closing in on $50/bbl. That, in turn, boosted the prices of XLE, CVX, and similar energy plays in the US, which encouraged investors in other sectors. Near the close, the Industrials are up almost 1%, slightly ahead of gains in the S&P and the NASDAQ.
The dollar eased against European currencies, but gained against the yen. Overall, the US dollar index was 0.3% lower vs. world currencies.
Taking something of a breather, the precious metals today were mixed. Gold finished $3 lower, silver up nearly a dime, platinum and palladium both down several dollars. After ... Log in or subscribe to continue reading.
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