FEDMANIA: Markets Are Surging

old faithful geyser

Photo: Wikimedia Commons

It looks like markets survived the  Draghi press conference.After wavering a little bit, stocks are higher despite the cut.

The NASDAQ is up 1.2%.

The Dow is up 112.

The euro is near its pre-conference highs.

Why the lift? Basically there are louder and louder rumours about the Fed doing something at its June 20 meeting… probably full blown QE III.

Click here for more on the prospects of more Fed easing >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.