The markets have been rather favorable recently, as the average price of most of the indexes, or Portfolios, have gone up in recent days. But what has been causing this? Was it George Papandreou’s decision to drop the Greek referendum on Thursday, or the announcement of the G20 to increase the funds that the International Monetary Fund has to spare? It can be hard to pin point what it was that made the price go up, but something must have strengthened the confidence of investors in recent days for this development to have happened.
However, recently there have been coming troubling news from Greece’s largest neighbor, Italy. There borrowing rates have hit new highs and people fear that Eurozone’s third biggest economy might be on the verge of collapsing any time soon. The news brings the Eurozone’s back to being terrible, as the Greek problem had taken a seemingly favorable turn. This will most likely have a negative effect on the markets as investors become discouraged about the future of the Euro and its countries.
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