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Italy’s Tremonti: Global stock markets too high

By Jamie Coleman || November 6, 2009 at 17:41 GMT

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Italian finance minister Tremonti says world stock markets have returned to a position where stock markets are too high.

Look like he is taking the lead in trying to prick the proverbial asset bubble.

EUR/USD trades with a heavy tone, now in the low 1.4840s.

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Category: All, Americas, Mkt Talk, Regions
Tags: EUR/USD

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Gerry Davies: Hi pips. like it lower while im short at least. yes given up on new york for now. given weak pound looks like ill have to vacation at home this year.
pipsquanderer: Hello Gerry, I thought you liked a strong pound. Now you are hoping it will move lower? What about shopping in New York? Have you given up on that?
Gerry Davies: Hi Alexson, have look under our forex jargon section. Will explain about sovereigns and sovereign wealth funds. Good place to go first if you have a...
Gerry Davies: These are my thoughts on cable of late, rather than specifically today. I thought 1.5250/1.5300 would be good area to go short and ofcourse it went to...
Gerry Davies: I don’t really know what he said in February..
Gerry Davies: no it was team specific, not sport specific. i rather like watching the odd game of footy. Watched Barca’s demolition of poor Stuttgart last night....
alexson: I am wondering what sovereign buy means ?
hsbc: Isnt it contradicting what jim oneill says now and what he mentioned in mid feb??
Puks: Morning Gerry, what are your thoughts on Cable today? Do you think we’ll see a move below 1.5220 today during London session? Cheers
david: You mean he should be a rugby supporter?