Stocks Jump On Reported Minsk Summit Cease-Fire Deal

http://www.zerohedge.com/news/2015-02-11/stocks-jump-reported-minsk-summit-cease-fire-deal

Submitted by Tyler Durden on 02/11/2015 14:04 -0500

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Well that didn't take long. Just an hour or so after Merkel, Hollande, Poroshenko, and Putin got together to drink tea in Minsk, they have a 'deal':

• *RUSSIA, UKRAINE, GERMANY, FRANCE LEADERS READY DECLARATION: IFX
• *FOUR-COUNTRY DECLARATION TO REAFFIRM MINSK CEASE-FIRE DEAL: IFX
• *JOINT DECLARATION IN SUPPORT OF UKRAINE'S TERRITORIAL SOVEREIGNTY

So - to summarize - they agree to a cease-fire (which saw 1000s killed and shelling continue last time) and to support Ukraine's territorial sovereignty (except of course Eastern Ukraine?) Face-saving headline-maker comes to mind. Stocks don't care though - they are buying it.



As Interfax notes,

Joint 4-nation declaration to affirm commitment to cease-fire agreements reached in Minsk in Sept., Interfax reports, citing unidentified person close to talks in Belarus capital.

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Now what will president Obama do?