Stocks and Bonds: Lawrence Summers

Lawrence Summers: NEW YORK - Stocks and bonds on major markets rose on Monday after former U.S. Treasury Secretary Lawrence Summers withdrew from consideration to be the next chairman of the Federal Reserve, leading investors to believe U.S. monetary policy might stay looser for longer, according to Reuters. Summers' surprise decision on Sunday came just ahead of the Fed's policy meeting on Tuesday and Wednesday, when the U.S. central bank is expected to begin to scale back its asset purchases from the current pace of $85 billion a month and By Ryan Vlastelica Signs of progress in reducing tensions in the Middle East, after a Russia-brokered deal on Syria's chemical weapons also helped to support stocks. (www.immigrantscanada.com). As reported in the news.