Huge surge on European and Asian markets
Super-Rally in Asia. European stock markets continue the positive trend of Dow Jones +2% and the Asian markets where Hang Seng rose by 6.9 percent and Tokyo’s Nikkei jumped 4.4 percent. At the time of writing Europe is a bit more conservative with FTSE 100 INDEX up by 2.7%, DAX INDEX up 3.8% and CAC 40 INDEX 3.7%.
Will Dow Jones be as upbeat as Asia? Unless there is a turn for the worse on the G-20 meetings the day may prove to be a milestone in recovery. However, the positive trend is largely attributed to US-optimism, but is this well-founded or not?
President Obama may have to negotiate more than intended and statements such as , quote “”We’ve passed through an era of profound irresponsibility.”, may be too strong words when adressing leaders of other countries. G-20 may be important and have global impact but everyone present will carry their own agendas. G-20 may not be so much an economic workshop as a political stage.
Related posts:
- Stock markets- Dow Jones slumps after surge
- Asia down oil up and Bernanke in congress
- Weak start of market week supported by Caterpillar
- Rebound on Asia lead and easing Goldman concerns
- Global market madness opening week
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