The euro zone will once again serve as the source of Wall Street’s angst, as investors look to a summit of the region’s political leaders for decisive solutions for the ballooning debt crisis.
Reuters reported on Friday that Stocks posted their best week in more than two years last week, driven by central bank efforts to provide cheaper dollar loans to struggling European banks.
In addition, the new head of the European Central Bank said on Thursday the ECB stands ready to act more aggressively to fight Europe’s debt crisis if political leaders agree to much tighter budget controls at the December 9 summit.