Europe Welcomes Agreement Cyprus

Learn Stocks : European stocks rose after Cyprus deal has reduced fears of worsening euro-zone debt problems. € 10 billion bailout deal with Europe expected to avoid the collapse of the banking sector and remove the anxiety Cyprus Cyprus will exit from the euro zone. Cyprus agrees to restructure the largest banks 2, the Popular Bank of Cyprus, and impose fees on bank depositors above € 100,000. Depositors under € 100,000 will not be taxed.

Britain's FTSE rose 0.77%, while Germany's DAX and France's CAC rose respectively 1.38% and 1.78%. Investors are now looking forward to a speech Federal Reserve Chairman Ben Bernanke, and BoE Governor Mervyn King at 0:15 pm to find further clues to the central bank's commitment to running a loose monetary policy in order to maintain the momentum of world economic growth.