Wednesday, November 30, 2011

ES Futures Catapult Past R3 In Globex Session 11/30/11

European stocks and the US index futures are rising rapidly on news that the Federal Reserve and five central banks have lowered interest rates on dollar swaps. In addition, China has cut the reserve ratio for its banks in a surprise move.

Bloomberg: "Stocks Rise as China Cuts Bank Reserve Ratio"
CNBC: "China Cuts Bank Reserve Ratio by 50 Basos Points"
MarketWatch: "US Stock Futures Rally on Central Bank Action"


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