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- Sentiment on the stock markets today are for correction and profit taking
Sentiment on the stock markets today are for correction and profit taking
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Loading...Stock markets retain upward movement of stock indexes, despite minor corrective movements today. What will influence investors by the end of the week are ongoing negotiations between Greece and its creditors freezing their recent weeks. So far, Greece try to gain time and to force "The three" to grant her a new tranche help not to fall into bankruptcy, which would have extremely bad for the euro area. On the other hand creditors harden their positions and want reform plan, in black and white before grant money. This could unnerve markets because of coming April 9, when Greece has to pay 500 million euros, money that now do not have. Now investors believe that will find a sort of compromise, but Germany started to give signs that will not retreat.
On the other hand Friday are data employment in non-agricultural sectors of the US, where markets rest for Easter, which can be played in advance and occupy positions of caution and profit taking, leading to corrective movement.
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