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Global Stocks Continue Rally, As Response To Spanish Crisis Kicks In



TOKYO, LONDON, MADRID - Markets rallied in Asia and Europe on Thursday, with all eyes on the response to a gathering financial crisis in Spain.

The Spanish Central Bank successfully auctioned more than 2 billion euros in medium and long-term bonds, El Pais reported, adding a shot of confidence to show both Spain and Europe as a whole are committed to heading off a major crisis in the euro zone's fourth-largest economy.

Bloomberg reported European stocks (Stoxx Europe 600 Index) have continued their biggest rally in six months, extending Wednesday's 2.3% gain.

Earlier, Asian shares closed at one-week highs, with investors apparently satisfied that Europe was addressing the Spanish banking crisis. But Reuters cautioned that the good performance should be seen more as a "bounce...than a turning point."

Italian financial daily Il Sole 24 Ore noted Milan's morning rally leading European bourses, with a 3.5% rise in early trading, in response to European Central Bank Governor Mario Draghi's activism to shore up the euro zone's weakest links.

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A Reminder For Israel And Ukraine: Negotiating With Terrorists Never Works

As long as there are criminal regimes with technological, military, and financial capabilities, defeating them militarily is the only route to lasting peace.

Man aiming a weapon at the camera with similarly dressed men surrounding him

Members of the Ezzedine al-Qassam Brigades, the military wing of the Palestinian Hamas movement display weapons in Maghazi, Gaza on July 19, 2023.

Leonid Nevzlin


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