Markets

Australian Stock Market - Morning - 23 November 2012

With US markets closed overnight for the Thanksgiving holiday, all eyes were on Europe where EU leaders began a two-day meeting to discuss and set the Euro bloc's next seven-year budget.

As is always the case with these EU summits, this congregation of leaders is expected to be highly fractious with their divided opinions as to the fiscal course for the region.

Despite the inevitable bickering and disagreement that lies ahead, European markets managed to push modestly higher overnight on growing confidence pertaining to more immediate issues - that Greece will be granted its next bailout instalment, possibly as early as next Monday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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