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发表于 2011-12-1 03:48 PM
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From MarketWatch.com:
Currencies, stocks and bonds weren’t too interested in French President Nicolas Sarkozy’s bold talk on a major overhaul of Europe, probably because his speech was light on the details that might push a few more investors off the sidelines, such as plans or support for a eurobond. Read more on Sarkozy’s speech.
But they may pay more attention to German Chancellor Angela Merkel’s speech on Friday. She’s addressing German lawmakers and is expected to talk about steps necessary before Germany backs more complete fiscal integration of the euro zone, an idea that helped U.S. stocks start the week on a high note. Read Monday’s Market Snapshot.
The market is “fearing how tough her stance might be,” said Jeff Kleintop, chief market strategist at LPL Financial.
However, if her speech paves the way to a speedier fiscal union, other market-friendly events could follow — such as the European Central Bank buying peripheral bonds.
And that means “buy.” |
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