German economy minister Guttenberg says that there may be increasing signs of stability in the German economy but that there is no firm evidence of a turnaround.The comments dove-tail with earlier remarks from the ECB’s Papademos suggesting recovery could come as early as late this year.
EUR/USD trades at session highs, supported by a rise in risk appetites. Commodities are enjoying a solid rally today, helped in part by upbeat geopolitical fundamentals from Indian (Congress party expands control) and China more stimulus if needed).
