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Monday 22 August 2011

Markets rally back on hopes of end to Libya conflict


Share markets in Europe have rebounded, led by shares in energy firms, on hopes that fighting in Libya may soon end.
At close on Monday London's FTSE 100 raised  1.08% and the Cac 40 in Paris by 1.14%.Its a good sign for investors.
The rally follows a 5% to 10% slump on most markets on Thursday and Friday on recession fears in the US and Europe.
Oil prices initially down on hopes that Libyan crude would soon come back on tap, before rising again on greater optimism about the global economy.

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