In the US, the worst of the year has now been forgotten. Markets on Monday closed at session highs, logging their best one-day rally in almost two weeks, boosted by Ben Bernanke’s earlier comments that the Fed may continue its easy monetary policy if the jobs market continues to show signs of weakness.
Dow Jones Industrial Average was up 1.23% or 160.9 points at 13241.63. Nasdaq Composite was up 1.78% or 54.65 points at 3122.57. Standard & Poor’s 500 was up 1.39% or 19.4 points at 1416.51.
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