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The bailout plan has done little to boost sentiment; shares in the Irish banks are falling, spreads are widening on Irish and Portuguese debt.
It would appear that after several days of drifting lower we've seen some signs of tentative bargain hunting, given that stocks have been trading near multi week lows, with some well received trading updates also helping boost sentiment.
Yet, if the debate over the need for independent research is anything to go by, there is a danger that his approach may lead to Wall Street being lumbered with regulations which do little to champion the cause of investors and which simply add to the cost of raising capital.And that would do little to boost sentiment among investors and thus help the stockmarkets to recover.
Analysts said those moves had helped improve the profit outlook for businesses and boost sentiment.
"More importantly, they will boost sentiment within the domestic industry and provide much needed momentum to the economy".
And that, he said, could translate into progress on healthcare costs and wages in 2007, which would boost sentiment and push shares higher.
Similar(54)
But expectations that the government will step in boosted sentiment, with the index of Italian banking stocks jumping 9% and pushing bank shares across Europe higher.
(Close): US markets retreated on Monday, giving up some of last week's big gains when strong jobs figures boosted sentiment.
"With the UK returning to growth in the first quarter of 2013, the improvement in wider economic conditions may also be playing a role in boosting sentiment".
Asian stocks rose in thin pre-holiday trade Thursday, as a surprise rise in machinery orders in Japan boosted sentiment, as well as government plans to kick-start the economy.
Japanese shares moved higher as investors chased bargains after a rebound on Wall Street and as a weaker yen boosted sentiment in exporters such as Toyota Motor and consumer electronics makers Matsushita Electric Industrial and Sony.
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