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Global markets rally

Posted on 29 October 2008

From Canada.com: Markets around the world staged a powerful rally Tuesday as hopes for further deep cuts in U.S. interest rates trumped fears of further economic weakness there and here.

Evidence that the U.S. housing market has not yet hit bottom, news that U.S. consumer confidence has plunged to an all-time low, and a forecast here that there will be no growth in Canadian exports next year, temporarily dampened, but failed to derail the rally that erupted in Asia, then swept through most of Europe and continued unabated in North America….. Full Article: Source


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