US, European stocks rise in hope of Fed move (AP)

By admin on August 22nd, 2011

A woman and a man are reflected on the window of a stock price monitor at a securities company in Tokyo Monday, Aug. 22, 2011. Asian and Pacific stocks were down slightly Monday following last week's worldwide slide as investors sought out safe havens. Asian markets were the first to open after the developments in Libya, where the apparent crumbling of Moammar Gadhafi's regime as rebels entered the capital of Tripoli on Sunday is likely to affect oil prices. (AP Photo/Hiro Komae)AP – Stocks in Europe and the U.S. rallied Monday as investors set their hopes on the Federal Reserve to take action to revitalize the U.S. economy after a bout of panic selling last week.


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