Publications
Partners
Frankfurt - Shares around the world jumped Thursday amid moves by European policymakers to prevent the region's debt crisis from turning into a banking crisis.
The pickup in stocks followed an announcement by the European Central Bank of the launch of new emergency measures to boost liquidity for banks in the 17-member eurozone, as well as fresh moves by the Bank of England to underpin economic growth in Britain.
The benchmark Stoxx Europe 600 index ended the day up 2.45% at 229.64 points.
The increase in stocks also followed hopes that European leaders would agree to measures helping the eurozone banks to deal with their exposure to nations hit by the debt crisis.
The rise in the Stoxx 600 index came after it had finished up a solid 3.08% on Tuesday.
While the London stock market was up almost 4% as the trading day ended, shares in both Paris and Frankfurt were up more than 3%. The rises tracked sharp increases in Asia.
As the trading day came to an end in Europe, shares in New York were also trading up about 1%.
The euro bounded up by 0.6% to 1.3426 dollars in late trading.
