Global stocks rose to a three-month high Tuesday, following the ECB’s indication it may start buying government bonds again to east pressure on Spain and Italy.
As of this morning at least, leading indices and the euro continued to hold gains.
The collapse of Standard Chartered’s share price has been cited as the cause of stopping markets from making further gains. The London, Hong Kong and Indian listed bank potentially could see its banking licence withdrawn following the beginning of an investigation into an alleged $250bn worth of transactions with Iran.
Further challenges face a prolonged European recovery after falling industrial orders were announced by Germany, with a 1.7% fall in July and a 4.9% fall in contracts with other Eurozone members.
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