LONDON (AFP) – Global stock markets were firmer Friday but the euro fell against the dollar on profit-taking as investors voiced relief over a major eurozone debt deal aimed at saving Greece and preventing contagion.
European markets closed with modest gains, coming off early highs as they digested a second Greek rescue, judging it to be a step in the right direction even if failing to dramatically improve the country’s debt position.
Dealers said the accord, however, was at least good enough to buy some considerable time to manage the debt problem, leaving open the question of whether the eurozone can eventually resolve the crisis for good.
“The latest breakthrough on a second bailout for Greece is enough to keep the markets happy for the next few months,” said Kathleen Brooks, research director at trading group Forex.com.
“It’s holiday season, people are dreaming of sandy beaches, so we think the markets will accept this plan as more of a plaster cast than a band-aid that will go some way at least to sorting out Greece’s problems.”
Attention turned in the afternoon to Washington where President Barack Obama and his Republican opponents appeared to be making no headway in talks on the deficit, with an agreement
Read More from the Article Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/afp/20110722/bs_afp/worldstocksforex
ไม่มีความคิดเห็น:
แสดงความคิดเห็น