Impact of one Good News of Euro Zone & USA has changed the sentiment

One Good news of Euro Zone about the consensus about Greece Debt settlement and better then expected GDP growth of USA has changed the market sentiment all over the World . Is this news so strong ? No one knows with surety . But it has made the Euro Stronger against USD and reached to 1.41 level and Equity market all over the World has taken it positively . The Indian SENSEX has climbed about 500 points increasing the valuation by INR 1,50,000,00,00,000 . What a impact of a news . Just to update the Euro Zone deal has asked the Banks to take 50% cut in their respective investment . One side it will save One entity calld Greece but it will impact the profitability of Banks on the other side . Rating agency may treat such an arrangement as technical default on the part of Greeece . Detailed modalities when people start understanding the Market may again react negatively . Our Currency INR has also appreciated substantially on Friday and has come down to 48.76 . The ESFS Fund size is likely to be increased three times to USD 1.4 Trillion . Who is going to Invest in the Euro Bond . Europe is looking towards China to support to resolve the problem . China has reason to support as China Export is much dependend on Europe . But China has to take a big risk by investing Money in Euro Bond and its authority has to convince its own people giving logic to Invest .The Only benefit to China can be political gain . Let see how the European leaders and chinese leaders are inking the deal

Thanks & Regards

Pradeep Panda