Stocks soar on EU debt deal | Bangkok Post: breakingnews

Global stock markets soared in a massive relief rally Thursday after EU leaders agreed a deal to solve the eurozone debt crisis and data showed the US economy growing faster than expected.

A toy bull is seen at the Frankfurt am Main stock exchange. Global stock markets soared in a massive relief rally after EU leaders agreed a deal to solve the eurozone debt crisis and data showed the US economy growing faster than expected.

Dealers said there may be many reservations about the deal but the immediate reaction was one of relief that European leaders had finally come up with a coherent response to a crisis threatening to sink the euro and the world economy.