U.S. futures, euro jump on euro zone package news

[Joanne98]

By V. Phani Kumar HONG KONG (MarketWatch) -- U.S. index futures soared early Monday in Asia after European finance ministers agreed on a 500 billion euro ($670 billion) loan guarantee package for euro-zone members. Dow Jones Industrial Average futures jumped 191 points to 10,526 and S&P 500 futures climbed 24.10 points to 1,131.10, pointing to a sharp rebound after Wall Street stocks fell for four straight sessions. The euro also rose sharply against major currencies on the news, and was buying $1.2856, up from $1.2757 late Friday in New York. The euro also soared to 118.97 yen from 116.78 yen, while the U.S. dollar was fetching 92.55 yen, up from 91.58 yen.
http://www.marketwatch.com/story/us-futures-euro-jump-on-euro-zone-package-news-2010-05-09

[girl gone mad]

1. Quantitative easing goes global!

[earthside]

2. Insane.

Money appears out of thin air to solve all problems.

When reading news like this do you ever feel like you're inside some con-game movie and you and me, the little people of the world, are the mark?

[Art_from_Ark]

3. Yes, all the time

This is like "The Sting", and we are the ones being stung.