Early this morning, markets in Europe were booming.The DAX was up 1.7%.
Now it’s just barely higher.
The euro has faded too.
The cause? Basically some comments from Wolfgang Schaeuble and Merkel about how there wouldn’t be a complete solution at next weekend’s EU summit.
As we mentioned, European leaders have a pretty tall order ahead of them in just the next few days, at least if the rhetoric from the G20 is to be believed.
Anyway, we’re back to flat now.
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