BGN Entrepreneur

U.S. stocks ended higher after a European agreement to combat fears eased as the state debt, that tax policy would make woe of the world economy.
Wall Street Dow Jones Index closed main recovers to 1.25% after some territory 3.6% on Thursday. The rest came after the European finance ministers agreed that countries could build the high deficits of the European Union or of the voting rights lose money.
European shares closed down, but made their losses in late trade. The major UK, French and German indexes lost more than 2% at midday, with the London FTSE 100 below 5,000 for the first time since November. But the markets later, with the FTSE ends 0.2% to 5063, Germany’s Dax finishing lower by 0.7%, and the French Cac lost 0.2%.
The euro, which fell to its lowest level in four years against the dollar early this week, again, by 0.9% to $ 1.2575. The meeting of the 27 European Union finance ministers came at the end of another week of turmoil in the markets, as European countries sat down with the aftermath of the debt crisis in Greece.
The ministers agreed to formulate a coordinated agreement to manage similar crises in future, so they respond faster and more efficient. Earlier in the day, the German Bundestag approved its part of the € 750bn ($ 941bn, £ 650bn) bail-out for the euro zone.
The price declines in the stock markets has gone hand in hand with a general flight to quality on the financial markets in recent days as investors dump to see what they see as risky assets and shift their money to safer havens. Have perceived safer than government bonds – including U.S. Treasuries, German Bunds and gilts UK – in tandem with falling share prices rallied in recent days.
Meanwhile, corporate bonds and some commodities were falling. U.S. Light Crude Oil fell 76 cents Friday to trade at $ 70.04 a barrel, while the UK Brent crude lost 16 cents to $ 71.68.

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