The Fed, ECB, BoJ, BoE, Bank of Canada and Bank of Switzerland announce coordinated action to...

|By:, SA News Editor

The Fed, ECB, BoJ, BoE, Bank of Canada and Bank of Switzerland announce coordinated action to boost liquidity, lowering the interest rate on dollar swap lines by 50 bps and extending their authorization through Feb. 2013. U.S. futures rocket: Dow +1.6%, S&P +1.9%.