As I mentioned a few days ago, the no-vote could be good for European stocks, as exports get some help from a lower Euro. The question is how US stocks will respond to a rise in the dollar and their export costs. Oil could keep moving higher if the perception is that the European economies will pick up steam.
May 30 (Bloomberg) -- European stocks rose, led by exporters including Royal Philips Electronics NV and Porsche AG, as a French rejection of the new European Union constitution sent the euro to a seven-month low against the dollar.
May 30 (Bloomberg) -- European stocks rose, led by exporters including Royal Philips Electronics NV and Porsche AG, as a French rejection of the new European Union constitution sent the euro to a seven-month low against the dollar.
This entry was posted
on Monday, May 30, 2005 at 10:26 AM.
