Last minute negotiations are always full of unknowns and the European summit is no exception. There is enough to weaken the markets that have been living in perennial anxiety for some time.
So even today the Asian stock exchanges experienced a 'bad' day, the euro weakened, and oil returned below the 100 level, also due to the negative signals from Japan (GDP growth revised slightly downwards), China (industrial production slows down to +12.4%) and Korea (slowdown forecasts communicated by the central bank, with consequent weakening of the won).
On positive notes however, the lower-than-expected inflation in China (+4.2%, which leaves room for monetary support measures or at least advises against tightening) and, in America, the drop in unemployment benefits: a drop which continues the trail of good news on the US economy.
Read also Bloomberg
