Markets taking an optimistic approach this morning with the news that top global central banks are willing to step in if need be after the second round of Greek elections this Sunday. Bank of England took a similar approach by announcing two new stimulus packages to aid worsening economic fears and to give long term supports to UK banks allowing them to borrow loans below market rates.  

Equity markets had a mixed day yesterday with some investors shunning the declining equity markets, the general consensus seems to be that if last year’s anything to go by then there is still a lot more room for further falls before the risk to reward ratio becomes justifiable.

All eyes are on Europe and it seems to have come to a point where the can cannot be kicked further down the road. Markets might see a higher start to the day but nevertheless they will be apprehensive going into the weekend.

 

Posted by Khurram Ali