(European stocks up 2%. Looks moderately solid.)I think it's to...

(European stocks up 2%. Looks moderately solid.)
I think it's to do with Qatar saying it's buying into some Euro banks

Feb. 18 (Bloomberg) -- Qatar is accumulating shares in
Credit Suisse Group and plans to spend as much as $15
billion on European and U.S. bank stocks over the next
year, the Gulf state's prime minister said in an
interview....

....Giyas Gokkent, head of research at National Bank of
Abu Dhabi PJSC, said in a phone interview today. ``Gulf
funds have surpluses to spend and are looking for long-
term appreciation"....

Although I think it may take a little more than Qatar to turn sentiment around. In Aust. we need to urgently deal with the Centro, MFS, AFG, CCP, dare I say BNB dramas. This period is certainly going down in history.

ps If I had of known ANZ was making announcements today I would have put my money (oh, that's right I don't have any left) on today being bank dumping day. Darn it. Anyway, there's always room for more than one bank dumping day a week.