Monday, February 25, 2008

Stocks jump after relief on bond insurers (Reuters)



Japanese businessmen pass by an electronic stock indicator in Tokyo Monday, Feb. 25, 2008. Japan's benchmark Nikkei index jumped 3 percent Monday, rising to a month-and-a-half high as players snapped up financial issues amid eased concerns about the U.S. financial sector. The Nikkei 225 index jumped 414.11 points, or 3.07 percent, to 13,914.57 points on the Tokyo Stock Exchange. It was the Nikkei's highest close since Jan. 15. (AP Photo/Shizuo Kambayashi)Reuters - U.S. stocks rose more than 1 percent
on Monday on signs the two largest bond insurers would
stabilize, bringing a wave of relief to a market dogged by
concerns of further bank write-downs.




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