Investors and forex traders heading positive sentiments, Spanish Bailout Speculation Increasing Eurozone Optimism, The major U.S. index futures are pointing to a higher opening on Friday, with sentiment gaining ground on renewed hopes that the eurozone debt crisis will be resolved without much hurt to any of the debt-plagued nations in the region. Reports suggest that Spain is contemplating some spending cut measures that could give the beleaguered nation access to bailout funds. This has pepped up buying in risky bets. Domestically, a Fed speech due for the day could give some direction to the markets
Some unexpected economic news, IMF Downgrades South Korea 2012 Growth Outlook, The International Monetary Fund on Thursday lowered its growth forecast for the South Korean economy and said a further escalation of the euro area crisis would have a significant impact on the economy growth
Latest update from Athens we reporting, Greece Struggles To Finalize Deal Over Spending Cuts, Discussions between the Greece government and international creditors to fix a deal on EUR 11.5 billion spending reduction reached no clear conclusion late Thursday. But some progress has been made on lifting the retirement age and pension cuts, which would together contribute a saving of EUR 9.5 billion. A final deal is crucial for Greece to receive a EUR 31.5 billion in aid fund
Meanwhile, from British economic news U.K. August Budget Deficit At Record, The U.K. logged the biggest budget deficit for the month of August as benefit payments increased and corporation tax receipts declined, data from the Office for National Statistics showed Friday
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