Investors continue to be optimistic, given that the currency market and the international stock market returned to perform positively. The risk appetite demonstrated the ability to sustain itself for nearly two weeks, now that the European Union managed to stabilize, at least for the moment, despite the expectations of investors are quite fragile.
In this sense, the question to be asked is whether the EU will actually be able to carry out the day meeting to be held on Wednesday, achieve fundamental reforms that create a solid foundation for their financial institutions. The Europeans promised to delineate a package capable of responding to questions about existing bank liquidity, but rumors continue to suggest that they are not presented to the banks a clear proposal. Thus, another question to ask is what might be the consequences for the market if investors conclude that the last two weeks of trading were guided by a blind optimism.
For it, the new summit of European leaders, which takes place today on Wednesday, It should make solved the problem of the debt of Greece and of other countries potentially in problems to assume his external commitments.
It is frankly exasperating see the slowness of movements, the lack of capacity of maneuver and the lack of skill of the principal civil servants and agents chief executive of Europa, who do not achieve to reach an agreement that alone it has, since of custom, a solution within reach: to place money.
Moreover, rising oil prices on Tuesday was not enough to keep the Canadian dollar to rise, before the Bank of Canada's decision not to raise interest rates. The 1% that was the benchmark data was expected, but, as usual, negatively affected the Loonie. If oil maintains its upward course, the "CAD" will continue its way in the coming days, looking back to the dollar parity.
For today are going to be published the orders of durables and the sales of housing in the USA, but the most probable thing is that the comments and holders concerning the summit of the authorities of the EU reduce importance to that information.
