By Andrew J. Johnson
Even as uncertainty over the euro-zone's sovereign debt crisis continues, the euro, and European stocks, and US stocks, and everything else risky, climb higher.
There are at least three reasons why, says GFT Forex's Kathy Lien :
1) Investors believe that European officials are finally serious about fixing their debt crisis, even if the process is not always pretty;
2) the quarter is also coming to an end and in order to rebalance their portfolios. Following the sharp sell-off in equities in Q3, money managers will need to buy stocks and high-yielding currencies; and
3) investors are optimistic about Tuesday's vote in Greece , in which the Parliament is widely expected to approve an unpopular increase in property tax.
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