The world is apparently optimistic it can fight global warming even without the US’s participation, as stock markets were in the green worldwide today. Despite lower prices in Japan, Shanghai, Australia, and Singapore, the Asia Dow somehow managed to rise 0.60%. In Europe, the major bourses were unanimously on the upside, and as a result the STOXX 600 popped a big 1.52%. All four of the biggest American stock markets (excluding the US) were also in the green. As for the US, it was unanimous as well, with every major index sharply higher.
The reason? Allegedly comments by Fed Chair Janet Yellen, to the effect that since Congress and the President can’t get things rolling on the fiscal stimulus side, the Fed is going to be a bit more accommodative than previously thought on the monetary side. The end result – a less uncertain and less costly business environment in the ... Log in or subscribe to continue reading.