Investor optimism reflected in the markets

OPTIMISM amongst investors over some kind of solution being found by policymakers to stem the debt crisis in the eurozone saw gains on most international markets yesterday.

Investor optimism reflected in the markets

European Central Bank (ECB) policymakers are next week expected to debate restarting their covered-bond purchases along with further measures to ease monetary conditions.

The boost to stock markets coincided with shaky movement on commodity markets, however, with oil initially falling by 3.4% to its lowest price level in over six weeks before recovering by 0.5%; and gold falling for a second consecutive day, to $1,535 per ounce — well down from its high of $1,877 just four weeks ago.

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