Yahoo Finance Market Snapshot – Germany Troubles Do not Bother the Stocks
Stock Markets Rebound
The stock markets have rebounded for the day as the Asian and European stock markets seem to have largely ignored what is going on in Germany. It has to be noted with surprise that even the German DAX seems to have ignored the political troubles of Merkel, who has been struggling to stitch together a coalition, and has been moving higher ever since the large drop that it saw on the opening of the markets on Monday. The political troubles are expected to continue for the short term and the effect of that is seen in the currency markets but not so much in the stock markets as such. But these continue to be risky and uncertain times as the market waits for further developments from Germany and so traders would be well advised to wait for the situation to clear.
Low Liquidity Possible
The stock markets are going to be the focus for the rest of the day as well as Germany is likely to dominate the markets for the short term until the FOMC minutes come along later in the week. We also have the Thanksgiving weekend coming up and hence the liquidity could become low as we approach the weekend.
This article was originally posted on FX Empire
