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Morning Briefing: Central banks to the rescue

Wednesday, November 30, 2011 - 04:12

Nov. 30 - The world's leading central banks said they will take coordinated steps to prevent a lack of liquidity in the global financial system, and police remove Occupy LA activists from an encampment.

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Next central banks boost the global financial system US stocks set to zoom higher after -- coordinated move. And forget the economists and politicians. I'll tell you why he's damned raiders should be given a chance to solve the debt crisis. Here's your morning briefing for this Wednesday the Federal Reserve European central bank and others. Have taken steps to keep money flowing in the world financial system. This morning they announced a coordinated action aimed at easing strains in financial markets and helping economic activity. The central banks are making dollars more available to financial institutions. At a lower costs that announcement giving US stock index futures a huge boost. They Wear out well north of 2% heading into trading which is just getting under way. Dow NASDAQ S&P 500 already showing strong games financials stocks opening well. They were up more than 4% heading into the says -- can see a big pop early on. Stocks also getting a much needed boost in Europe Darcy and joins us from London with an update hello Darcy. Ireland's why can tell you invested is this side of the Atlantic sent me laughing on knees from all of this coordinated action as CEO read now setting. And suing C hall news let's go through the numbers are fully gave the tax policy and pass on south street and a half percent -- that Jackson Jeremy I'm almost full percent and the thirds of 100 came in London -- Nearly 3%. Been given these -- sovereign debt problems think it'll prove. Still live now I did today economic and monetary affairs commission on a red walled in Europe faces ten. Crucial days to say the -- and it comes off -- -- ministers agreed last night's home plans to boost the -- top on its spell out funds however they could not say by how lost because of rapidly worsening market conditions and now it seems they may well times -- mess. To avoid financial dissolves up. And the UK Neas absolutely dominated by mass strike action of an estimated two million. Stay till company what is the agency says NASA's own -- dogs along that is taking positive -- biggest walkouts. Since he's so cold winter of discontent in 1979. Now that the testing out of the reforms that unions say it will -- some love so long that. Before they commit time Bob -- into pensions which will be worth less. The -- bull's -- field by need cubs all that pay an additional job cuts outlined yesterday. By the coalition government and I'm finally run that we got some good news for you of these pals of British pop star George Michael the Grammy Award winner has been hospitalized in Vienna. -- -- -- severe bouts of U nine -- wishful sincere -- the rest of his European tool however -- is hopeful that Michael's condition. This non cravings then they off the -- bagels and impressive regression both mnemonic Simpson's. That's it from London for now that's not see him in -- Our hearty thanks for that. Meantime in the US there are signs the jobs picture is actually improving. A report that looks at private sector jobs growth bound -- accelerated in November at a much stronger pace than many -- forecasting. Payroll gains in the previous two months were also revised higher and on top cats. The number of planned layoffs at US firms edged out this month. These positive signs lead up to that big government jobs report that comes out on Friday. Economists are expecting just a pickup in hiring. And finally the politicians. And economists in Europe struggling to resolve the debt crisis should turn to museum curators. Later this week's Scotland's National Portrait Gallery reopens following a 27 million dollar renovation. It was completed on time and on budget and it follows a 72 million dollar renovation of that national Museum of Scotland which was also on time. And on budget. Apparently there's some real art budgeting and that's your morning briefing this Wednesday I'm Rhonda -- this is writers.

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Morning Briefing: Central banks to the rescue

Wednesday, November 30, 2011 - 04:12