IIFT Daily Note with Peter Brown

Waiting for Merkel

Posted by:  |  Time: 7:08 am  |  Topic:
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S&P rally extended further than I expected, now close to 1200. US ecomony having a good Christmas spending spree. Question is where will the US influence end and Europe influence take over. We are waiting Merkel’s plan for closer integration and the way forward for the Euro. 2nd December she speaks to the parliment, could get the details there.

Market is fairly stable so far this week, this is the quiet before the storm.

Not going to trade much untill I get some details. Market is likely to rise and fall on rumours.

When we get the plan we will have a clear direction.

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