Markets
German stocks surge 3.17 percent on ECB rate cut
FRANKFURT : German stock prices soared more than three percent Thursday after the European Central Bank cut its key int
FRANKFURT: German stock prices soared more than three percent Thursday after the European Central Bank cut its key interest rates in a surprise bid to aid markets riled by fears that Greece could exit the euro.
Frankfurt's blue-chip DAX 30 index had gained around 2.8 percent before the decision in volatile trade but shot up 3.17 percent after the ECB move to 6,154.47 points.
Copyright AFP (Agence France-Presse), 2011
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