Cyprus will successfully exit from its bailout program this month despite not completing one final task required by its creditors, eurozone finance ministers said Monday.
Oil prices rose above $40 a barrel on Wednesday, helping lift European stock markets back towards recent one-month peaks and taking the edge off global growth concerns for now.
On March 9, 2009, the S&P 500 index of U.S. stocks closed just below 677, which was about 57% below it’s previous high. Many investors grew so terrified of further economic unraveling that they sold equities, bought bonds and cash, and prayed for the best.
Next Trading Day's Important Events
- 15:45 (GMT 3) ECB Interest Rate Decision
- 16:30 (GMT 3) ECB Monetary policy statement and press conference
- USDJPY: 112.70
- EURUSD: 1.0965
- S&P 500: 1,979.26
- NASDAQ : 4,648.33