Wall Street opened lower to extend losses. London was flat
European stock markets were boosted by data showing the economy grew in the second quarter and inflation slowed in July, raising hopes the European Central Bank will indeed be able to hold off from hiking interest rates.
Mecklai Graph: The continuing weakness in the euro economies will weigh on the equities and as a result we could witness more investments in the German bunds.
Gold prices were little changed on Tuesday as E uropean s tock markets rose and the dollar weakened, but moves were limited as New York markets remained closed due to Hurricane Sandy, and ahead of a key US jobs report due later this week.
Investors who counted on an orderly resolution to the Greek debt crisis appear to have gotten what they wanted. But the question now is: What happens next?