Euro Stocks Rebound

Some good news from the marketplace: European stocks broke a seven-day losing streak, climbing 1.4 percent after reaching a two-year low. The Stoxx 600 is still 20 percent down from this year’s high in February after fears of the looming debt crisis sparked a sell-off. Analysts attributed the rebound to hope that the Federal Reserve will unveil a new plan to help the economy this afternoon.