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Markets rally on hopes
Graham_Devon
Posts: 58,560 Forumite
Currently...Stock markets in Europe have rallied on hopes that eurozone leaders will stitch together a new fiscal policy pact.
France and Germany intend to propose a fiscal union ahead of a summit on 9 December, that would set binding limits on eurozone government borrowing.
Markets hope that the agreement will open the way for the European Central Bank to bail out Italy and Spain.
Meanwhile, the International Monetary Fund (IMF) denied claims that it was in bailout talks with Italy's government.
FTSE up 3%
Dax up 4.6%
CAC up 5.2%
DOW up 2.85%
Brent Crude up 2.7%
Just amazes me sometimes that simple hopes can outweigh (to such a rallying extent) the reports such as second recessions, the IMF denying the bailout etc. Good news for my shares though.
I mean come on, do the markets REALLY think bailing out both Italy and Spain is possible?!
That will be Ireland, Greece, Portugal, Spain, Italy....all bailed out!!
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Markets rally on hopes
Yes they do.
They also usually fall on facts :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
This is what gets me ....... in a few hours they will realise nothing will change and will fall again. The FTSE really is pretty random and does not seem to follow anything remotely sensible!0
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The equity markets may be in for a bit of a Santa Claus rally running up to the end of the year, but, if they do, I'll be selling a lot back into cash with any rise of over about 8-10%. I like the -/+ volatility as it gives opportunities to jump in & out of the market with the likes of tracker funds.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0
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The company I work for is up 12.53% today, crazyThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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This leap has happened too soon for me I was hoping to buy back into the ftse at about 5,000Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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The markets were due a bounce anyway regardless of the news. The news is often made up or made to fit what the markets are doing. More so than the markets reacting to news.0
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