Stock markets lift as Mubarak exits

As Mubarak finally cedes the Egyptian presidential office, the rest of the world is taking the opportunity to celebrate civilizations based on rule of law. This feeling of stability is good for finance; all three of America’s major stock watchers saw modest gains in investment.

Swiss banks froze Mubarak’s accounts to avoid the possibility of the former president abusing — or hiding — state property. According to CNN Money, the Swiss Federal Department of Foreign Affairs has frozen all funds belonging to Mubarak and “his circles” in order “to avoid any risk of embezzlement of Egyptian state property.”