27 November 2007
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London - 27 /11/2007
Dow shows smart gain after President Bush declared Tuesday that the time is right to relaunch Mideast peace talks to create a Palestinian state because "a battle is under way for the future" of the troubled region.
In remarks prepared for the U.S.-arranged Annapolis Mideast peace conference, Bush said peacemaking at this juncture of history is an opportunity that cannot be missed. He said it won't be easy to achieve the goal of creating two states — Israel and Palestine — living side by side in peace after decades of conflict and bloodshed, but also said the two sides nevertheless must work together for the sake of their people.
European shares recovered some of Tuesday's lost ground, led by a sharp bounce on Wall Street and a turnaround in some of the defensives sectors such as food stocks that had fallen earlier in the day.
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