ECB action boosts European markets

European markets pulled out of their nosedive today after emergency action to shore up Italy and Spain helped prevent further turmoil.

ECB action boosts European markets
Mon, 08 Aug, 2011 - 10:08

European markets pulled out of their nosedive today after emergency action to shore up Italy and Spain helped prevent further turmoil.

Traders had been braced for another session of woe after Standard & Poor’s historic decision to strip the US government of its prized AAA credit rating.

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