Investors bet that European leaders will produce a good solution to the debt crisis at a highly anticipated summit this week. Expectations are very high. U.S. Treasury Secretary Tim Geithner is in Europe this week to meet with top government officials, highlighting the growing concern in Washington about the eurozone debt crisis. Meanwhile, investors were unfazed by news that Standard & Poor's has placed the EU's long-term credit rating on review for a possible downgrade. Asia shares decline with Europe in view. The VIX implied volatility flirts with the 30 mark as the market remains nervous.
Thursday, December 8, 2011
Drifting higher
Investors bet that European leaders will produce a good solution to the debt crisis at a highly anticipated summit this week. Expectations are very high. U.S. Treasury Secretary Tim Geithner is in Europe this week to meet with top government officials, highlighting the growing concern in Washington about the eurozone debt crisis. Meanwhile, investors were unfazed by news that Standard & Poor's has placed the EU's long-term credit rating on review for a possible downgrade. Asia shares decline with Europe in view. The VIX implied volatility flirts with the 30 mark as the market remains nervous.
