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Draghi is giving more of less, and lots of it. However, the clear the key message is 'no taper', says Nick Parson of National Australian Bank.
Nick Parson of National Australia Bank, says that no news is indeed good news for Europe. He says in the news free markets he is seeing the euro currency and European stock market moving up.
Global markets are eyeing the euro group meeting today as Greece is yet to be given any aid. The Spanish elections on Sunday have not been vey good adding political issues to already economically fragile country.
Nick Parson, head-market strategy-Europe, National Australia Bank, says that he feels that a deal will be reached on the European budget. He don‘t feel that it an issue for the markets. The scene is setup for a post Thanks Giving rally which could extent well into the December.
Nick Parsons of National Australia Bank, says that it is right time for investors to book profits. Many investors and investment managers have not fully participated in this rally, they will be keen to buy on dips in order to flatter their Q3 performance number which comes in early October.
Nick Parsons, National Australia Bank, says that the markets should not pin up any hope from the 18 EU leader‘s summit which is scheduled to be held today.
