Markets surge on eurozone 'game changer'

Investors piled into risk assets today as the results of last night's summit talks in Europe gave investors hope that an end to the crisis is in sight.

Politicians spent the night hammering out short-term rescue measures, which include directly injecting rescue funds into troubled Spanish financial institutions, allowing Madrid to wipe clean its sovereign books. Ireland's deputy prime minister Eamon Gilmore described the deal as a "game changer" in European policy and applauded it as a course of action Dublin had been advocating for a long time, the FT reported. He added Ireland would now be able to return to international bond markets and escape the need for a second bailout. "This is a massive breakthrough for Ireland and it cha...