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The Paris Bourse is expected to continue in the green on Monday, after finishing last week jumped 1.23%. The futures on the CAC are on the upside, an hour of opening, leaving an early planning session in positive territory.
Investor sentiment should be supported by information from the Italian newspaper La Stampa over the weekend that the IMF could provide assistance to Italy up to 600 billion if the debt crisis of the countries would increase. This would allow Italy to have a window of 12 to 18 months to implement budget cuts and reforms to strengthen economic growth. The information, which was denied by the United States, is again the IMF itself, which says this morning that no discussions with the Italian authorities have in that place.However, the newspaper said that before deciding, the institution expects that the Government adopts austerity plan that promises to Mario Monti on December 5 fast payday loan.
Another source of optimism: The presentation before the summit of December 9, a series of Franco-German proposal to reform the European treaties. German Chancellor Angela Merkel and French President Nicolas Sarkozy are considering the implementation of a new stability pact could be limited to six countries in the euro area enjoying a AAA rating. Side discipline, treaty reform plans to provide more resources for monitoring national budgets to the European authorities. Member countries must also commit to structural reforms.
Despite the optimism that seem to attract these announcements, Moody's calls for caution.