General Market News – European Session

General Market News –  European Session

Goldman Sachs Group Inc. strongly indicates euro-dollar parity by the end of the year, despite the fact that the majority of banks speculate that greenback will not face such a steep appreciation. In addition, according to Goldman Sachs Group Inc. European Central Bank is speculated to add to stimulus as an emerging slowdown is threatening the outlook and inflation that remains obstinately low, while Federal Reserve normalizes. European Central Bank’s President Mario Draghi is to testify in EU parliament on Thursday in front of the policy makers. Concerns that investors will switch out of debt and into equities were fueled as China plans to resume initial public offerings of shares to attract funds from bond market, causing government bonds to slide the most this year. Furthermore, the expected U.S. rate increase in December restricts China’s options for easing. Japanese Prime Minister Shinzo Abe presses companies to boost salaries after regular wages increased for a seventh straight month due to his belief that higher salaries are vital for consumer spending and inflation.  policy is still in place.... 
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