Financial Markets Firm on Positive Expectations over EU Summit
BonTradeMarket sentiment remained firm on Monday as investors awaited the EU summit on October 26. There has been much speculation of measures to be announced to contain the intensifying sovereign debt crisis. While the advance in financial markets signaled optimism over the outcome, we would like to advise on the possibly of disappointment as it appears that policymakers remained divided.
Major issues to be discussed during the summit include the offer of the 6th tranche of the Greek rescue fund, the plan of EFSF leverage and recapitalization of European banks.More here:
Financial Markets Firm on Positive Expectations over EU Summit
