The risk appetite has improved again by the bullish release of US Philadelphia Fed Manufacturing Index of February which was expected to be 21 from 19.3 in January and it has surprised the market by 35.9 and the price paid of it has come up to 67.2 from just 54.3 showing strong pricing power following the release of US CPI of January which was expected to be .2% m/m and came higher at .3% while the core figure excluding the food and energy was expected to be .1% m/m and came also up at .2% from .1% in December and this stronger than expected prices data over the consuming level have come following earlier rising of Jan broad figure of US PPI by .8% monthly and also the core figure excluding the food and energy by .5% while it was foreseen to be just .2% as the same of December showing growing prices over the producing and wholesales levels too which can be resulted from the rising of the commodities and oil prices which are still expected to be well-contained over the long by the fed which has actually upgraded its growth expectation of this year from 3% to 3.6% to 3.4% to 3.9% helping the investors confidence to load more risks pushing the US stocks up further again weighing on the greenback across the broad.

The European equities indexes could have a strong opening following US as the brought back stability after Mubarak's resignation by the end of last week leaving the presidency authorities to the high military council in Egypt which announced its working for achieving the revolution goals turning down the risks threating the markets from the turmoil continuation in Egypt. The oil prices got down and the gold as well as the confidence in business spending rose up as the oil supplies from the Middle East have become safer but this improving of the inventors' risk appetite has been short lived in Europe as the worries about the financial market have come back containing the market sentiment with increased probability of the needs of rescue WestLB bank in Germany and the European financial ministers announcing about their eagerness for moving up their ability for lending to 500 billion euros from the beginning of 2013 which show to the markets that their current 250b euros sharing package with the IMF is not enough to save the expected requests of borrowing.

The developments in Egypt could rise up containing the market sentiment with a new constitutional well-engineered speech from Mubarak expected to be his last one after passing his authorities to the vice president as the constitution can allow. The speech may not reach most of the protestors but that's it which means that the situation is still open not wide open but open which means that there is still some confusion and unrest in Altahrir Square which may need another step from the Egyptian army to grantee the revolution requests and the steps of the vice president to achieve the required reforms and the transition of Authorities and the modifications of the constitution after the role of the president has ended by asking of them under the pressure of the Egyptian revolution.

The Easing of tension in Egypt could bring back confidence in risky assets putting weights on the greenback. The Egyptian street has found in changing the leaders of the national democratic ruling party an open door for discussions with all parties in Egypt even the Muslim brothers lightening the pressure on Mubarak from US and Europe to quit immediately in a fast way which can put Egypt in mysterious ways. It looks currently that he is the best to reform currently as he is leaving and doing this reforming job for modifying the constitution of the presidency terms fulfilling the demands of change in the rest time of his leading as he does not look for further time in power.

Dow has made a new high today since the credit crisis at 12188 pushed up by this political improving in Egypt which helped the business sentiment and the equities markets in EU too to add more gains covering the loss of this credit crisis which reached its bottom on 9 March 2009 after aggressive falling of the assets prices has been triggered by the collapse mortgage market in US threating the creditability of its financial sector with the bankruptcy of Lehman brothers.