Global Issues affecting the Financial Market
A more positive tone has been set today with a much better housing sector providing support. With housing prices increasing mildly into positive territory. Improving home equity no matter how slow it maybe would mean some breathing room for the US economy heading towards a recovery.
Improving Housing and unemployment are 2 of the key drivers for a stronger economic recovery along with a recent report that a bigger part of US manufacturing would be heading back towards the US by 2014 would indeed be a welcome treat for the employment figures. This would redefine a clear path for a positive outlook in the next few years to come. However, with the election year and the unresolved European crisis, may provide some changes in the financial landscape especially with the question of Spain and other EU zone countries ability to generate growth while meeting austerity measures may still dampen the prospects of a global growth in the interim years to come.
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