Investors all over the world are looking to Europe to determine how to bet on the markets. The central banks' actions indeed sparked a rally with the Dow and the S&P 500 inking their best weekly gains since 2009. After this week's actions, investors are expecting that at next week's summit in Brussels, EU leaders will move forward with a plan for a fiscal union. There's a bias to the downside next week given that a lot of optimism was already priced in. There are few economic reports on tap. None of them are expected to reverse the mostly positive economic picture painted by the jobs, housing and manufacturing numbers released recently. European markets are on the rise.
Monday, December 5, 2011
Trending higher
Investors all over the world are looking to Europe to determine how to bet on the markets. The central banks' actions indeed sparked a rally with the Dow and the S&P 500 inking their best weekly gains since 2009. After this week's actions, investors are expecting that at next week's summit in Brussels, EU leaders will move forward with a plan for a fiscal union. There's a bias to the downside next week given that a lot of optimism was already priced in. There are few economic reports on tap. None of them are expected to reverse the mostly positive economic picture painted by the jobs, housing and manufacturing numbers released recently. European markets are on the rise.
