Today stocks are likely to give back some ground in early trading on Monday. It seems the major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 49 points.
From Kiwi NZD countries we reported, New Zealand Posts NZ$199 Million Shortfall, New Zealand saw a merchandise trade deficit of NZ$199 million in January, Statistics New Zealand said on Monday - well shy of forecasts for a surplus of NZ$167 million following the downwardly revised surplus of NZ$306 in December. Good data enough
From Eurozone update we reported Pressure Mounts On Germany To Strengthen Financial Firepower, The G20 meeting demanded Europe to strengthen its bailout fund before leading economies provide extra support to raise the resources of the International Monetary Fund. The move has added pressure on Germany, which has already contributed the most to bailouts. The proposed plan is to combine the European Financial Stability Fund, or EFSF, and the European Stability Mechanism, or ESM, to create a EUR 750 billion fund. What a huge money for solve the crisis
Meanwhile, World Bank Urges China To Shift To Market Economy, The World Bank said there is a compelling case for reforms in the Chinese economy that has reached a turning point in its development path and urged the country to complete its transition to a market economy. Further, the lender said the acceptance of China's renminbi, also known as yuan, as the global reserve currency will depend on the pace of financial sector reforms and the opening of its external capital accounts.
Nightmare about Oil Prices go higher is still going on, Oil Prices - Emerging Ancillary Threat, Greek default worries are currently being supplanted by a graver threat that has the potential to upset the global growth, what a scary oil prices nightmare
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