The Senior Strategist: Slow Motion Rally

There's a holiday atmosphere on the news front, but the stock market seems to like it.

Many people are back from vacation, but both politicians, financiers and the key figures is still in holiday mood. The financial news flow won't be up and running before september. The shares have taken the news void nicely - European shares rose in the last 10 weeks. Not big increases - Ib Fredslund Madsen, Senior Strategist at Jyske Bank, describes it as a slow motion rally.