25 Nov 2015
Irony in the European market - Rabobank
FXStreet (Guatemala) - European stock markets opened higher, rebounding from yesterday’s geopolitical driven drop.
Key Quotes:
"The gains are reportedly led by the travel sector on the back of strong earnings from Thomas Cook. There is some irony in this given the uncertainties about the impact on this sector from recent acts of terrorism.
This said, the ability of risky assets to move higher signals that investors are still willing to be calmed by calls from NATO to deescalate tensions between Russia and Turkey.
In tandem with the better tone in stocks markets the EUR has also softened this morning."
Key Quotes:
"The gains are reportedly led by the travel sector on the back of strong earnings from Thomas Cook. There is some irony in this given the uncertainties about the impact on this sector from recent acts of terrorism.
This said, the ability of risky assets to move higher signals that investors are still willing to be calmed by calls from NATO to deescalate tensions between Russia and Turkey.
In tandem with the better tone in stocks markets the EUR has also softened this morning."