Exchange market news, SP500. Yesterday a summit was opened in Brussels, during which European leaders were going to discuss the means of fighting the debt crisis of Eurozone. By this point European leaders have already reached agreement on some matters, aimed at strengthening monetary discipline and stabilization of European Union.
However, markets have had a violent reaction to this event by the drop of share indexes, gold, energy resources, and European currency:
Is it the signal of lasting market decline after recent recovery or the last attempt before a shoot up?
Specialists of the Department of Trading System consider both variants, but the scenario may depend on the tool that is used; for example, further rise of stock market and the drop of price on energy resources (judging from the fall of open interest to future contracts on oil).
