Breaking News – India
Breaking News India’s interest rate decision
Breaking News India’s interest rate decision
Markets are off to a positive start in the early week, with two key developments over the weekend seen as the primary drivers for the initial surge in risk correlated assets. The news that EU assistance to the Spanish banking sector in the amount of Eur100B has well exceeded estimates of most analysts, while Chinese data was not as bad as many had feared. Both of these developments have resulted in a market rally driven by the expectation that the global economy will continue to be supported by proponomics.
Breaking News – U.S. Futures
Asian markets begin the week off with a big bang Monday morning – Sunday evening in the U.S after the European Finance Ministers approved to provide Spain euros for a banking bailout.
The Euro bounced sharply off of multi-year lows in a week of impressive recovery for the US S&P 500 and broader financial markets.
Mexico Central Bank Rate Decision
Breaking News – U.S. Trade Deficit
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.05 percent higher from the open after moving 77 percent of its average true range, and the greenback may continue to recoup the losses from earlier this month as Fed Chairman Ben Bernanke softens his dovish tone for monetary policy
After yesterday’s massive rally – in fact the biggest rally since December by the Australian Dollar and the Dow Jones Industrial Average since December 20, 2011 – it would appear that all global issues have been resolved.
Chairman Ben S. Bernanke Economic Outlook and Policy Before the Joint Economic Committee, U.S. Congress, Washington, D.C.
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