10.45 CET
The EU surprised the market with an excellent plan for Greece, Irland and Portugal. The plan has now been traded on for 2 hours in the U.S., a full session in Asia and more than one hour in Europe. The Euro continues to rally and so does the stock markets which might change the downside to upside or neutral for the indices when the dust has settled.
A thorough analysis will be presented within the next few days on where the stock markets are going now. It is important to get the Wall Streets closes tonight to get a reliable forecast.
Now it is up to America to show the markets that their problem also could be solved.
I have never seen a looming crisis come to such a quick stop. Now we know for sure that EU can be fully trusted next time a crisis comes up. EU have now got a strong leader and strong support from all members that will force the critics to think again. Congratulations Angela Merkel.
The EU surprised the market with an excellent plan for Greece, Irland and Portugal. The plan has now been traded on for 2 hours in the U.S., a full session in Asia and more than one hour in Europe. The Euro continues to rally and so does the stock markets which might change the downside to upside or neutral for the indices when the dust has settled.
A thorough analysis will be presented within the next few days on where the stock markets are going now. It is important to get the Wall Streets closes tonight to get a reliable forecast.
Now it is up to America to show the markets that their problem also could be solved.
I have never seen a looming crisis come to such a quick stop. Now we know for sure that EU can be fully trusted next time a crisis comes up. EU have now got a strong leader and strong support from all members that will force the critics to think again. Congratulations Angela Merkel.
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