FXstreet.com (Córdoba) - Wall Street soared at the open, joining a global rally, as investors cheered up the EU summit outcome, where leaders took an important step toward breaking the link between sovereign debt and struggling banks.
The Dow Jones industrial average rose 219 points, or 1.74%, to 12,821. The Standard & Poor's 500 Index gained 25 points, or 1.95%, to 1,355. The Nasdaq Composite Index climbed 63 points, or 2.23%, to 2,912.
European markets also rose sharply, with the Stoxx Europe 600 up 2.7%, as Spanish and Italian government bond yields fell, after European leaders said they would speed plans to create a single supervisor for the euro zone's banks, and agreed on measures aimed at stabilizing the bonds markets.
Risk sentiment took a 180-degree turn after the EU Summit. Gold rose more than 3% to above $1,598 an ounce, while crude-oil futures gained over 5% to $82.15 a barrel.
The Dow Jones industrial average rose 219 points, or 1.74%, to 12,821. The Standard & Poor's 500 Index gained 25 points, or 1.95%, to 1,355. The Nasdaq Composite Index climbed 63 points, or 2.23%, to 2,912.
European markets also rose sharply, with the Stoxx Europe 600 up 2.7%, as Spanish and Italian government bond yields fell, after European leaders said they would speed plans to create a single supervisor for the euro zone's banks, and agreed on measures aimed at stabilizing the bonds markets.
Risk sentiment took a 180-degree turn after the EU Summit. Gold rose more than 3% to above $1,598 an ounce, while crude-oil futures gained over 5% to $82.15 a barrel.
