UPDATE: THIS GIGANTIC RALLY IS MOVING EVEN HIGHER, DOW UP 244

By Simone Foxman | Business Insider – Sat, Jun 30, 2012 1:49 AM SGT

UPDATE 2:37: Markets take another leg up!

Dow up 244

UPDATE: Incredible!

Italian equities led the charge, with the FTSE MIB up 6.6 percent!

After a potentially game-changing bank bailout plan was announced at the EU summit in the wee hours of the European morning, markets have gone absolutely nuts.

While investors have noted that Europe is likely not saved for good, the plan—which allows the European bailout funds to eventually recapitalize banks—is meant to relieve sovereign funding pressure and interbank funding stress.

Check out the scoreboard:

Dow: 1.8%
S&P 500: 2.0%
NASDAQ: 2.4%
Germany: 4.1%
France: 4.5%
UK: 1.8%
Italy: 6.6%
Spain: 5.4%
Gold: 3.1%
Oil: 5.8%

NOW READ:  Why This Summit Has Been A Watershed Moment For Europe  >


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Market Data

  • Currencies
    NamePriceChange% Chg
    1.25720.01+0.50%
    USDSGD=X
    1.6134-0.00-0.10%
    EURSGD=X
    1.9071-0.00-0.04%
    GBPSGD=X
    82.05930.35+0.43%
    SGDJPY=X
    6.1642-0.04-0.68%
    SGDHKD=X
    2.4038-0.00-0.15%
    SGDMYR=X
    7,760.8999-33.50-0.43%
    SGDIDR=X
    4.8886-0.03-0.62%
    SGDCNY=X
    1.2233-0.00-0.05%
    AUDSGD=X
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  • Commodities
    NamePriceChange% Chg
    1,358.30-28.60-2.06%
    GCM13.CMX
    22.18-0.53-2.32%
    SIU13.CMX
    97.49-3.30-3.28%
    ^XAU
    3.320.03+0.77%
    HGN13.CMX
    96.020.86+0.90%
    CLM13.NYM
    More Commodities »
  • Bonds
    TreasuryYield (%)Yield Change
    0.830.06
    ^FVX
    1.950.08
    ^TNX
    3.160.08
    ^TYX
    More Bonds »

MARKET MOVERS

  • Most Actives
    NamePriceChange% Chg
    0.196-0.00-0.51%
    I26.SI
    0.191-0.44-69.68%
    M41.SI
    0.1080.00+2.86%
    D4N.SI
    0.4950.03+5.32%
    GJ8.SI
    0.670.00+0.75%
    Y92.SI
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  • % Gainers
    NamePriceChange% Chg
    0.1450.03+26.09%
    G5X.SI
    0.670.07+12.61%
    5VJ.SI
    0.3850.03+10.00%
    594.SI
    1.5230.11+8.01%
    O9D.SI
    0.280.02+7.69%
    5OS.SI
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  • % Losers
    NamePriceChange% Chg
    0.191-0.44-69.68%
    M41.SI
    0.24-0.06-20.00%
    E94.SI
    0.117-0.01-10.00%
    D08.SI
    0.101-0.01-8.18%
    T16.SI
    0.715-0.06-7.14%
    L5I.SI
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