European markets traded in a tight consolidation. The last two days have shown an improvement in investor sentiment, motivated by the reinforcement of ECB’s intentions, by its President Mario Draghi.
The last few weeks were marked by the strong underperformance of European banks. This has been substantiated by the increasing signs of contraction in the eurozone economy, the legal costs and fines of several banks that have shaken investor sentiment and the fact that the ECB has not yet achieved the expectations of the market regarding the implementation of a program purchase sovereign debt.
US markets fell from historic highs with the release of the Fed minutes, which revealed that some members said the central bank should remain alert to the possibility of prices in the US economy are not growing fast enough.
The Housing Market Index (Nov) rose in November to 58.0, thus reaching the maximum of the last nine years.
Asian markets closed with contained losses. In Japan, held a meeting of the Central Bank and a distinguished nuance of today’s meeting last month, since the number of members of the Bank who supported the expansion of monetary stimulus program increased from 5 to 8, a total of 9 members.
