Markets again give a dose of confidence to Europe just before the meeting where the problem of the EU debt crisis affecting Southern Africa will be discussed.
As for now, everything is made to maintain the day on the positive side. While the general market conditions are stable, they indicate at least the same spirit of cautious optimism, motivated, as it was said, by the visit of Prime Minister of Luxembourg JC Juncker to Greece scheduled for tomorrow.
Lower cost of Spanish and Italian debts also added optimism. On the other hand, it was known earlier that China makes up a new plan to stimulate its own economy, which in recent months showed some signs of slowdown. This also explains the good upward movement of the Australian dollar, highly dependent on the economic swings of China.
After a day with no major moves, the European session on Tuesday offers some interesting variations, such as rise in the euro that led to its highest reading since August 7, when it could not overcome the barrier of 1.2440. The pound, meanwhile, extended its rise to the maximum of 20 June. As for the Swiss franc, which is point to point to the euro, it fixed at 0.9638.
In this context, the European stock markets operate with moderate gains, while Dow Jones futures grow in the hours before the beginning of the U.S. session.
Will this be the beginning of a sustainable solution of the problem faced by Europe? It does not seem to be enough. But it is a first step after dozens of speeches and speculation without much sense.
On the U.S. side, relevant data is not expected. However, the research made by the Fed to indicates a probable recovery within the labor market in the upcoming months. This could motivate a stimulus plan of organization, which is long awaited, and that in two consecutive sessions was immediate. If something happens, the dollar could lose its strength, but also give a boost to the Fed world's largest economy in the months before the presidential election.

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