Global Markets Rally On News From Europe

Friday, October 28, 2011

Traders work on the floor of the New York Stock Exchange. (Ramin Talaie/Getty)

Markets around the world rallied on the news that European leaders had reached an agreement to solve the Euro zone debt crisis. The Dow Jones ended the day up 339 points and stocks appear headed for their best month since 1974. Was this the equivalent of Europe avoiding a Lehman Brothers-type disaster, or was yesterday just the latest in a series of dramatic rallies followed by steep declines that we've seen in this year's up and down market?

Joining The Takeaway for some analysis is Gillian Tett, U.S. managing editor at the Financial Times.

Guests:

Gillian Tett

Produced by:

Joseph Capriglione

Comments [2]

Derek Bredensteiner from Phoenix, Arizona

So are you guys going to talk about the firing of Caitlin for exercising her free speech on her own time?

Or ... ? Ignore it and let other people report on it instead?

Probably better that way. You wouldn't want to seem biased by reporting on your own misconduct.

Oct. 28 2011 11:17 PM

The first movie that terrified me was the original Invation of the Body Snatchers. And yes, the release date was 1956. Just how young are you two anyway?

Oct. 28 2011 11:09 AM

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