The meeting yesterday was on the stock rises on both sides of the Atlantic, due to the expectation generated after the publication of its Proceedings, Federal Reserve that the economy will introduce new measures of monetary stimulus (QE3). In Europe, increases were more pronounced due to a fact that can ease tensions Peripheral Merkel in principle has gotten the enough support to increase the skills and power of the European rescue fund (EFSF), measures to be voted on in the German parliament on 29 September.
The news from Europe still dominate the currency market, given the persistence of the rumors about the health of financial institutions, sovereign debt and potential measures to create stability. Political officials of the European Union are pursuing a public debate about the dilemmas that exist, but fail to reach agreement.
Today the market is looking forward to the publication of official employment data difficult to read: If you could either feed disappoint even the expectation of a QE3, helping the market, or bring back the market in its downward course, if the published data is positive, the same scenario but in reverse. That is why there is additional stress not only for the data but also regarding its interpretation.
