Good news for the euro. Not all bad. Preliminary PMI for November was better than expectations. Composite index rose for the first time in four months with a 53.8 to 55.4, and both of its components, manufacturing and service industries, have risen. This factor has allowed the euro to stay relatively risen dollar in early trading, coupled with the news that Greece will receive the next tranche of EFSF after a visit to the EU / ECB / IMF. Recall that the was talk about postponing the payment after a bad review up deficit two weeks ago.Bad news for the euro. Increasing uncertainty about the political situation in Ireland, of course, did not provide comfort markets over the smoothness of the transition budget and a package of aid, when the Prime Minister said that after overcoming these two difficulties will be elections. Moreover, bank shares fell, not only in Ireland but also across the euro zone. Elite within the euro has done much to calm those fears. Finance Minister Schäuble podchernul that the crisis is not over and that the euro is "at stake". Meanwhile, German Chancellor Merkel said the euro was a "particularly serious" situation. Maybe they are telling the truth, but it does not increase the mood.
The relative calm markets. Markets have behaved quite calmly at night, of course, compared to yesterday. The conflict between North and South Korea's exhausted, while the U.S. said that there are improvements in joint military patrols with South Korea. The reaction from investors in the stock markets has been very mixed. Although the Korean Won is the weakest currency in Asia this week, she recovered somewhat during the Asian session. The main way is that it comes under more lyazgane weapons from North Korea, and will not be something stable and significant.
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