TraderWise

In the absence of any sovereign debt failures, the market is content to keep moving higher. Many analysts are discounting the dangers in Europe and they are focusing on good earnings, solid balance sheets and low interest rates. The EU is currently meeting with Greece to discuss its game plan for a balanced budget. The market believes that the EU will back the next bond offering so that Greece has a chance to execute its plan. Germany is reluctant to back Greece’s bond offering and they would rather see the demand before they stick their neck out.