Posts Tagged ‘Brent barrel’

For the exchange rate, the Euro-Dollar rises 0.54%,

1259681688Light day hikes in all European markets, which stands as the biggest increase Germany's DAX index with a 0.60%. Other European markets have had a close almost flat. The IBEX was up 0.18%, CAC 40 0.29%, while London's Footsie selective, rose 0.13%. The Euro Stoxx closed up 0.22%. There has been no prominent sector in its conduct on this day in European markets, marked by closures almost flat.

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Opening FX: Today begins the European Council meeting

1259561760 Today begins the expected European Council meeting in Brussels which will discuss in detail the possible rescue plan for Greece. The chronic stress that Germany's strategy to avoid passing an explicit agreement rescue while Greece can continue to issue debt in international markets. Germany also use the occasion to try to impose greater fiscal discipline with which to prevent further attempts at debt problems. There is talk of a Stability and Growth Pact (SGP) which strengthened penalties could be imposed over those countries that exceed the deficit level permitted in an appellant, including the temporary suspension of the Euro Zone. For this reason many experts believe that community matters will be difficult to reach a final

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Market Commentary, March 26

1259042736Very positive day in all European markets, all major percentage point above apart from London (0.88%). The most notable increase was that of the Spanish selective IBEX with an outstanding 2.07%. Followed with 1.56% DAX and CAC 40 with 1.28%, while the Euro Stoxx 50 closed the session up 1.52%. It was a day marked by the good performance of the financial sector in the main, followed by good overall performance of the basic materials sector, highlighting the rise of 2.44% in the CAC 40 in that sector. The Euro Stoxx 50 the rise of the financial sector of 2.06%, the highest, while the sectors of consumer goods and services were less prominent behavior.

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