Daily reviews

EUROPEAN premarket 11/26/12

 

What will the future bring ...

    

European stock market ended last week in positive territory in the hopes of recovery of the European economy and the provision of financial assistance to Greece. Investors continue to believe that at a meeting of the Eurogroup will …

 

GBP / USD

 

News background:

Sterling continues to receive good support on news of a high degree of probability of a positive decision by the Eurogroup on Monday the issue of providing regular financial assistance to Greece.

 

Technical picture:

From a technical point of view, the pair …

 

Schäuble and Merkel supported markets 

 

Yesterday the head of the German Central Bank Schaeuble expressed the hope that on Monday 26 November will be a positive decision on the allocation of Athens next portion of financial aid. The German parliament on November 30 will also vote on Greece …