European leaders did not reach an agreement on the debt resolution plan
Wednesday as originally expected. The deal came together today however and the
agreement keeps investor optimism running on high. Prior to opening bell this
morning in the U.S., the primary stock future indicators were posting green
across the board. It appears that the good news from the eurozone helped stocks
open higher this morning. French President, Nicolas Sarkozy, stated that the
plan was finished after a long night of negotiations. He reports that the plan
will help the eurozone avert debt catastrophe. The implication is that the plan
will help prevent the possibility of recession in the eurozone which would have
had numerous negative implications worldwide. The details of the plan are being
finalized and summarized and will post in the coming weeks. Leaders and
investors are hoping the worst is over. For today, world stock indices responded
favorably. Primary indicators in Asia closed their respective sessions in the
green today. The Nikkei was higher by 2.04 percent. The Hang Seng closed higher
by 3.26 percent. The Shanghai Composite finished higher by .34 percent. European
stocks popped higher today as well. The CAC 40 closed positive by 5.72 percent.
The DAX closed higher by 5.35 percent. The FTSE 100 closed higher by 2.89
percent. North American markets are higher at the mid-day mark. In the U.S., the
Dow Jones Industrial Average was green by 2.60 percent at 12,178.20. The Nasdaq
was higher by 2.76 percent at 2,723.39. The S&P 500 was higher by 2.91 percent
at 1,278.07. Stocks are positioned for the positive close marks as a result of
the European plan development. Frank Matto
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