Broadgate: Market News 21/2
21 February 2012
The big news of the week, and possibly the month is that a second Greek bailout deal has been reached; helping to solve Greece’s immediate debts. However skeptics doubt that Greece’s bailout will do anything except for solving their immediate debt issues.
This news help drive the Euro up in value by almost 50¢ yesterday, however the general long-term outlook is still stark as analysts predict that certain European countries such as Germany may not be able to meet their commitments.
In the US, many Quarterly Earnings Reports are being released today for major companies. The outlook on these reports is expected to be positive, helping to drive the value of the greenback up; while investors flee the Euro and come back to the dollar, which has shown some stability in the last few months.
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