The EU Summit closes today but the events will continue to develop. It seems the market is slightly optimistic.
In addition, Moody’s made the decision not to lower the credit rating of Spain. There are concerns that the protests and sanctions in Greece and Spain could be out of control and endanger the ability of politicians to solve the problems and reach solutions thereof.
Investors were encouraged by the statements of the Greek prime minister, said on Tuesday that his country was close to signing an agreement with representatives of the troika (the IMF, the European Commission and the Central Bank) to the additional fee for the rescue package granted. Nevertheless, tens of thousands of people took to the streets and declared a general strike.
The data of consumer confidence rose to a maximum of six months. On the other hand, other reports showed that applications for unemployment benefits rose more than expected, reflecting a reversal of adjustments for seasonal changes in the beginning of a quarter.
During Friday's session, will be known U.S. Existing Home Sales data (15:00 GMT).