Markets solid on the opening off the back of good close in the US
Markets solid on the opening off the back of good close in the US on Fiday, FTSE, DAX, IBEX, STOXX, MIB, all showing gains except the CAC which is in slight negative territory.
Oil showing gains and gold up slightly, in early UK trading.
Copper continues it rise due to shortages (Chile output has dropped due to flooding) even off the back of Chinese demand weakening.
On the currency side the Euro has had a considerable run off the back of record German growth and the expected forthcoming rate rises and seems to be defying the bailout issues affecting neumerous member states. The commitment made by the member states regarding the defaulting countries and the continual support given is giving the market confidence in the currency.
