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|NEW YORK Cheap Men's ECCO Yucatan Sandals BLACK MOLE Ireland , July 10 (Xinhua) -- U.S. stocks soared on Friday as hopes of a Greek debt deal and rallies in global stock markets cheered Wall Street sentiment.
The Dow Jones Industrial Average jumped 211.79 points, or 1.21 percent, to 17,760.41. The S&P 500 leapt 25.31 points, or 1.23 percent, to 2,076.62. The Nasdaq Composite Index spiked 75.30 points Cheap Men's ECCO Yucatan Sandals BISON Black Ireland , or 1.53 percent, to 4,997.70.
A senior European Union official said at a briefing on Friday that a list of proposed "prior actions" from Greece was received by the Eurogroup Thursday night and the European institutions have access to it.
"On 10 a.m. Saturday (0800 GMT), the Euro working group will look at the assessment of the institutions about the prior actions to see if conditions are met," the official said.
He added that if Saturday's Eurogroup meeting led to an agreement, there would be no summit on Sunday; and if no agreement, the consequences were "quite clear".
Austrian Chancellor Werner Faymann expressed cautious optimism for a solution to the Greek crisis in a statement Friday.
"There is still no result Cheap ECCO Soft 7 High Top Men's Boots BLACK Ireland , but the chance of agreement exists and this chance must be utilized seriously," he said in regard to the new last-minute proposals from Greece to secure a third bailout.
European equities ended sharply higher Friday on Greece news, with French benchmark index CAC 40 spiking 3.07 percent.
In Asia, Chinese shares staged a strong two-day rebound following moves by the government to bolster the market. The benchmark Shanghai Composite Index leaped 4.54 percent Friday, while the Shenzhen Component Index surged 4.59 percent.
Meanwhile, Federal Reserve Chair Janet Yellen said at the City Club of Cleveland, Ohio on Friday that she expected the Fed to raise interest rates at some point this year.
"But I want to emphasize that the course of the economy and inflation remains highly uncertain Cheap Men's ECCO Track II High Boots BISON Ireland , and unanticipated developments could delay or accelerate this first step," she added.
Yellen stressed that the initial increase in the federal funds rate, whenever it occurs, will by itself have only a very small effect on the overall level of monetary accommodation provided by the Federal Reserve.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge, plummeted 15.72 percent to end at 16.83 on Friday.
In other markets, oil prices steadied on Friday following prior day's jump boosted by a recovery in Chinese stocks.
The West Texas Intermediate for August delivery moved down 4 cents to settle at 52.74 U.S. dollars a barrel on the New York Mercantile Exchange Cheap Men's ECCO Findlay Plain Toe Boots COFFEE Ireland , while Brent crude for August delivery added 12 cents to close at 58.73 dollars a barrel on the London ICE Future Exchange. The U.S. dollar dipped against the euro as Greek government's new debt deal proposal boosted market optimism.
In late New York trading, the euro rose to 1.1136 dollars from 1.1013 dollars in the previous session, while the dollar bought 122.84 Japanese yen, higher than 121.32 yen of the previous session. Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday as the market weighed the possibility of a deal that would help alleviate concerns over the Greek debt crisis.
The most active gold contract for August delivery dropped 1.3 dollars, or 0.11 percent, to settle at 1,157.90 dollars per ounce.
By Xinhua writers Liu Tong Cheap Ecco Cool 2.0 Ireland , Liu Xin
BEIJING, Nov. 17 (Xinhua) -- Four years after his retirement, Ronaldo Nazario, the Brazilian soccer legend, showed he still has what it takes to wow a crowd in downtown Beijing on Monday.
He did not come as part of a professional team, but to help children play the beautiful game.
Dozens of sports reporters and hundreds of fans fixated their cameras and reverent gazes on the star as he announced a plan to open 30 soccer schools in China, with the first three located in Beijing Cheap Ecco Sneakers Mens Ireland , Shanghai and Mianyang in southwest China's Sichuan Province.
"I'm ready to help China realize its football dream. I think China can be a major player on the world stage," Ronaldo said at a press conference held at a meeting hall at the Beijing Workers' Stadium.
He did not hide his expectation that China will have its own Ronaldo one day.
His "Ronaldo Academy" will train youth 6 to 18 years old in general education and football skills.
"We have designed specialized curricula for the children for different ages," said Paulo Swerts, CEO of Ronaldo Football (China) Co., Ltd.
The academy employs 12 full-time Brazilian coaches. In the future, about 100 more coaches will come to China.
"We trained them for one month in order to help them learn about Chinese children and their football level," said Swerts.
The academy hopes to establish a system to find and nurture talented players. "They will have the opportunity to study abroad Cheap Ecco Sneakers Ireland ," Swerts said. "We promise to recommend outstanding ones to American institutions."
The CEO does not expect many professional footballers to come out of the academy in the future. "We just hope they will understand the real meaning of teamwork, self-confidence, and perseverance."
It is an ambitious plan. The Chinese men's national team has failed to impress in recent years, though improvement has been made at the club level, with the Guangzhou Evergrande winning the AFC Champions League in 2013.
Though more and more Chinese parents have started sending their kids to football clubs, few of them dream of raising professional players.
Ma Shaoxiang, an eight-year-old primary school student in Beijing Cheap Ecco Leather Ireland , attends football training every weekend with another 50-plus children of his age. His parents pay an annual fee of 8,000 yuan (1,255.6 U.S. dollars) for the training, not counting the amount spent on shoes and jerseys.
"Kids nowadays have many choices, and even if the child does not show much ambition and extraordinary skill, playing for fun is enough. Cheap Jerseys China Cheap NBA Jerseys From China Cheap MLB Jerseys From China Wholesale Jerseys From China Cheap College Jerseys Free Shipping Cheap Hockey Jerseys Wholesale Jerseys From China Wholesale Jerseys From China Wholesale College Jerseys Wholesale Soccer Jerseys