Somewhat friendlier stock markets showed themselves yesterday. Rumours surfaced that parties in the USA are approaching an agreement. It is said that Obama is ready for a higher ceiling on the tax increase and also be willing to cut social benefits. But since these are only partial insights into this matter, it can only be spoken of an agreement after the ink is dry. Exactly because of this reason markets remain cautious. On the other hand, no market player wants to miss the chance to jump on the band wagon once it is moving. This trend prevents the rates before a radical price reduction. Thus DAX and other European indices will continue to seek the ways towards the top and these spontaneous outbreaks of volatility will remain. Overall, the mood is improving. We wish you all a joyful Tuesday.
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