Non-euro nation Denmark took over the European Union's rotating presidency today, aspiring to ease the bloc's crisis but few expecting it to impact the power game dominated by the big players.
Even though Europe is a big overhang, Shane Oliver, head investment strategy and chief economist at AMP Capital Investors expects positive US and China economic data to spark off year end rally.
The debt package that came out of the EU meet this Wednesday caused global markets to see one of the strongest rallies. However, Mark Matthews of Julius Baer says that this package will only serve as a temporary sentiment booster and not a long term solution.
David Darst of Morgan Stanley Smith Barney feels the Greek situation is beginning to slowly improve.