Just days ago the CETA deal -- the most ambitious negotiated by the EU -- had been hanging by a thread due to protests from Belgium's Wallonia region and other French-speaking communities over its potential damage to local interests.
Currency Expert Jamal Mecklai of Mecklai Financials expects Indian rupee to see some relief rally from people unwinding nervous positions. But the uncertainty could push Gold beyond USD 1,300 per ounce, he says.
Expectations were running high ahead of the Merkel-Sarkozy meet last night, but the outcome sure has disappointed the Street.