Fundamental Analysis, 25 October 2011

At this moment, the only thing that matters is the European debt crisis. When the environment caught on, which actually we obtained from EU the summit of this weekend was not any more than a list of possible scenes and one proves more of the tensions between the nations of the EU (France opposite to Germany, the European Union opposite to Italy). The operations are kept restricted, since many wait for something positive of Wednesday, though the activation and deactivation of the short-term risk continues producing overwhelming drafts intraday. It is clear that the bulls want to continue giving the orders, but everything will depend on what happens on Wednesday in the summit of the European Union to tackle the crisis of the euro-zone.

On the other hand, the German chancellor, Angela Merkel, reported yesterday to the opposition political parties that the Germans European rescue fund would increase from the 440,000 million which is now following its enlargement in July to more than one billion euros. For its part, the Social Democrat leader Frank-Walter Steinmeier said it is expanding could be done through a combination of measures, including the IMF's involvement would be.

In a few minutes in the United States will know the price index CaseShiller houses, along with consumer confidence and the Richmond manufacturing index.