The rally to celebrate Obama’s reelection was short-lived as market focus quickly turned to fiscal cliff and the lingering political gridlock with lower house being controlled by Republicans and senate by Democrats. Meanwhile, investors began to concern about the core economies in the Eurozone as the sovereign debt crisis, which has remained unresolved, has started to hurt Germany’s economy. The European Commission downgraded its growth forecasts at its latest report.
Read more here:
Focus Returned to Fiscal Cliff and Eurozone after Obama Reelected
Leave a Reply
You must be logged in to post a comment.