Markets Are Surging Thanks To Slovakia

StockIndices

Photo: Google Finance

Global markets have been all over the place thanks to uncertainty regarding Slovakia’s vote on the EFSF expansion.  However, passage of the EFSF expansion now seems like a done deal.And the stock markets are now surging.

Leaders include the big banks.  Citigroup is up 5%.  JP Morgan is up 3%.

Pepsi, which reported better-than-expected earnings this morning, is up 3%.

Alcoa, however, is down 5% after it announced disappointing earnings last night.

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