Financial markets overview 03.12.2012

Last week, financial markets dynamics was divergent. Nonetheless the majority of leading trading platforms displayed weekly growth. Political events of the week just as statistics did not provide strong pushes for the change of investor moods either way.

The meeting of the Eurogroup on Monday, 26 November, approved a decision to allocate a new EUR 43 bn tranche of the IMF loan to Greece. In addition, the EU has agreed to extend the terms and reduce the rates of loans allocated to the country. This event was expected by investors, which is why it did not lead to substantial changes on the markets.

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