europe stocks rise on stimulus hopes

Hey Gold Bugs

We are set to see continued stimulus from the ECB, Bank of England, Bank of Japan and the US Federal Reserve. Mr Bernanke will either extend and expand Operation Twist or QEIII. Both Monetary Tools are stimulus and expand the US Dollar Money M1 M2 and M3 Money Supply.

All inflationary 12-24 months later....keep your eyes on the price of gold bullion each time a Central Bank officially announces this stimulus from the next few days onwards....:)

Cheers Nectar

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I Hold: IndoChine Mining {ASX:IDC}


Europe stocks rise on stimulus hopes
June 7, 2012 - 4:11PM

European stocks climbed, extending the Stoxx Europe 600 Index’s biggest rally in six months, amid speculation global policy makers will take steps to revive growth.

The Stoxx 600 gained 0.4 per cent to 240.95 in early trade, extending yesterday’s 2.3 per cent advance. The gauge briefly erased losses earlier today.

"Ultimately there is only a 10 per cent chance of a complete eurozone break-up because the economic vested interests on both sides are so strong to keep the euro together and, to some extent, as are most of the political vested interests," Andrew Garthwaite, analyst at Credit Suisse, said.
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There is also hope that other policymakers around the globe are readying themselves to take imminent action.

US index futures and Asian shares also advanced.

Standard & Poor’s 500 index futures expiring this month rose 0.2 per cent, while the MSCI Asia Pacific Index added 1.5 per cent.

Markets climbed as ‘‘traders position themselves for a round of global central-bank stimulus,’’ said Jonathan Sudaria, a trader at Capital Spreads in London.

‘‘Attention now turns towards the Bank of England and the Federal Reserve.’’

BOE governor Mervyn King will consider today whether Britain’s economy is vulnerable enough to justify reigniting the stimulus that officials halted a month ago.

While 37 of 42 economists forecast that the Monetary Policy Committee will keep its bond-purchase target on hold at 325 billion pounds ($503 billion), Morgan Stanley and Deutsche Bank AG are among banks that have switched their view in the past week to forecast more so-called quantitative easing.

Europe’s Stoxx 600 jumped the biggest advance since Nov. 30 yesterday after the European Central Bank said it’s ready to act if necessary as the growth outlook dims. The gauge has lost 12 per cent from its 2012 high amid growing concern that the debt crisis is destabilizing global growth.

Spain will today try to sell as much as 2 billion euros ($2.5 billion) of bonds at interest rates that will probably be higher than at its last auction of similar maturities. The Treasury will offer two-, four- and 10-year debt, while France will auction as much as 8 billion euros of securities.

Separately, ECB Governing Council member Ewald Nowotny said it would make sense for Spain to request a European Union bailout in a live television interview with Austrian state broadcaster ORF yesterday.

http://www.theage.com.au/business/blackrock-buys-into-indochine-20120606-1zwme.html