Risk sentiment was stable in Asia, mainly on a view that China will continue to support the domestic stock market and expectations the Slovakian parliament will still approve enhancements to the EFSF despite the failure of the first vote. The first vote failed as it was linked to a confidence vote for the government, and was thus based on the desire to vote down the government rather than on changes to the stability fund. Already ahead of the vote Finance Minister Miklos said that one way or the other, there would be an approval of EFSF enhancements by the end of the week, and the main opposition party is now set to support the measures. Continue reading →