The outlook had been bleak for stocks: the Eurozone looked like it was tipping into recession and its banking and sovereign crisis threatened to cause a global credit crunch. But then on Wednesday the world's top central banks came in with a massive liquidity bazooka to unblock the plumbing of European banking sector. There is nothing that stocks love more than liquidity and stocks duly rallied led by financials.
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Kathleen Brooks| Research Director UK EMEA | FOREX.com
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