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Finally some good news from the markets. European stocks extended earlier gains as U.S. stocks soared ahead of the expected Federal Reserve rate cut and results from Goldman Sachs and Lehman Brothers. Investors breathed a sigh of relief after two of the four biggest US banks posted better than expected results after the fifth biggest, Bear Stearns, collapsed at the weekend. Although there have been several shocks for the markets recently, Barclays Wealth Equities Strategist Henk Potts says there is a light at the end of the tunnel. SOUNDBITES: Barclays Wealth Equities Strategist, Henk Potts, saying (English): "There clearly are problem in the credit markets which are infringing upon growth prospects as well and we know that central banks have been working very hard to loosen those up a little bit. We know of course that banks are very much 'risk averse' at the moment, that they've made it harder for individuals, for businesses and of course, as we've seen...
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Markets rally on Fed

Finally some good news from the markets. European... (more)
Channel:Mediascrape Category:Business Views:21
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