Global stock markets jump amid lower Europe debt crisis fear

Worldwide stock markets posted a strong jump amid lower euro zone debt crisis fears as the euro zone leaders and International Monetary Fund may agree to a comprehensive package plan to resolve the euro zone debt crisis. IMF and Euro zone leaders are planning to take bold step to bail out Greece and solve the current debt crisis. France has also announced to bail out its main banks and provide liquidity amid the current liquidity crisis situation.

All the European markets were up by 4-5% and Asian markets were also up between 2% to 5% after this increased hope of resolving the current debt crisis. Now the market will look for the actual package and Greece-s ability to pay interest to find further direction.