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Market Pulse: perfect ten for European stocks

Friday, August 10, 2012 - 03:57

Aug. 10 - Europe's Eurofirst 300 blue-chip index racks up its tenth straight weekly gain - the longest winning streak since 2005.

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I think tank. That was the scores but Chinese diver would mean Shia and the Olympic three meets a springboard final. And also goes for European stocks which have not risen ten weeks and -- the longest winning streak since 2005. This is today's market pulse. But neither is Richard -- he's try to avoid those global markets reports that took some European stocks on a truly remarkable run ten weeks in total. -- -- -- -- -- Well you know the European corporate -- is emerging from this crisis develop better shape than that the government sector and the households that there. And some people do believe that looking ahead to next year. Even defects in only modest growth the yield on corporate debt and -- equities is is the best you can do with them. Learned and about one blow it up and that's more than the one -- -- you convinced. In data of the Stoxx 600 it's about -- and end on the blue chip index. You can afford opposite view of the current levels. So what you're saying stop Marcus and -- is taking a longer term view. And the shot attempts at ten but it's shaping up to be something of -- month. A real crisis yeah I mean we've got so many events that coming next month that the key ones obviously being the Fed meeting and the the left it's really way the CB plans to do it was a lot of expectation that once the what's the Germans approve the nearly assembly may give -- the tells and that will be around. Of the month as well. But it's we can also ask you might expect the volumes treating booms will pick up to them. That makes for a fairly below tail and a combination Klinsmann contempt of events plus it's higher volumes. Yes indeed. I would think that that some nervousness about how the -- could play out of the and so really the risk is. Is -- illustrious -- by by drag these comments of -- that that he will do everything it takes two to prevent the break up of the eurozone and I mean. As long as you believe him then there's no reason to not -- It's -- it's it's looking but it could be quite strong so glad new highs for the year in terms of your -- -- -- very because these these stocks 300 indexes is just below its it's it's 2012 -- But it's still not that five it's really just back to it was about twelve months ago and I would get back like eighty miles the start of last year we will not day. Okay let's finish up with oil Brent is down around 1% today. But oil is also not remarkable run officially the market territory although that can be on Google for casserly now an on group -- Again where we're talking club -- being here the from the Fed. And all of it the Central Bank as well -- of the European Central Bank as well and people -- priced this in pretty much across the board in the commodities buckets. And the other risk is they get disappointed really from via okay that's it thank you very much. Well on -- shot of the day looks at you don't follow the single currency stuff can has done strength of the year. But technical strategist ability -- be a day by day says a deeper collapse isn't on the cards just yet. What we can expect for a few days easily it. And ready to go on to about 126000. Dollar and that's batted third to 8% retracement of the previous full. Now we didn't go exactly to a major support so maybe he. We'll have another hole they Durbin let's support these terrorist strong and we don't expect to Europe donuts removed. -- significantly lower it student. Let's open mode but keep up with us on what's up Reuters insight on and join us at this time each week day at a snapshot of what's moving on Marcus and why. I'm -- you gave up the central to.

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Market Pulse: perfect ten for European stocks

Friday, August 10, 2012 - 03:57