G20 effect helps boost global stock markets
G20 deal boosts global markets
The world’s stock markets rose sharply following the $1 Trillion deal agreed at the G20 summit, aimed to curb the worsening global economic downturn.
One broker deemed this sharp rise as the “G20 effect”, which saw the london FTSE 100 index close at nearly 4% up, the Dax up 6% and the French Cac 40 up 5%.
The Dow Jones, Nasdaq and Nikkei also saw strong improvements, at 3%, 3% and 4% respectively.
The weakening dollar has seen ‘the market’ improve after consecutive dismal months for many of the worlds exchanges.
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