The rumour of the day: Germany and France are agreeing to a new rescue fund.
Upshot: Markets are booming.
Dow up nearly 200.
Look how stocks elbowed just in the last few minutes.
We’ve seen this, of course, a billion times, and over the last few weeks we’ve become used to seeing 3 O’clock hour rumours from the FT that helped juice th market. This time it’s The Guardian doing it.