Europe closes sharply higher as plummeting sovereign yields give rise to the idea the ECB's...

|By:, SA News Editor

Europe closes sharply higher as plummeting sovereign yields give rise to the idea the ECB's eased collateral requirements combining with longer-term loans is QE, a bank capital replenishment operation, and the crisis-ending bazooka all rolled into one. Stoxx 50 +2.6%, Germany +3.2%, France +2.6%, Italy +3%, Spain +2.3%, U.K. +1.1%.