Euro in danger, as the low threat by German IFO business climate index than 2 years
Follow S & P 500 index futures Risky Assets Recovery May this weekend
Finance Ministers of the EU could provide clues to the next series of measures against the crisis
The German IFO business confidence gauge has top billing on the economic calendar in European hours. Expectations of the owner of the business climate for the month falling to the right call, on 2 June and reached its lowest level in 27 months. In the short-term studies suggest that the correlation of interest rate expectations are increasingly fought trends in risk appetite, as the main driver of price action of the euro. This suggests that signs of a deep recession is likely to build on the single currency as the expectations of the ECB's weigh-acceleration.
The result can be negative for the sentiment, in general, taking into account a weakening of the currency headwind of the largest bloc of global production this year to punish people FX is used, including Dollar Australia and New Zealand. Against this background, S & P 500 stock futures are showing cautious higher in late electronic trading in Asia, and warned that profit-taking, the price action at the end of the support of weeks of negotiations and take high-risk assets, despite the negative news .
Meanwhile Ministerscontinue the EU funds a two-day meeting in Brussels. Coming on the heels of the G20 summit earlier this week, where officials of the pressure, which included the region of serious world leaders to step up efforts to the debt crisis, the sit-down to view the emergence of some preliminary policy ideas. Specific initiatives are likely to wait until the summit of European leaders next week, but traders still continue to pay particular attention to comments from the sideline to pay the original indices.
The dollar was little changed against major currencies in consolidated trading overnight as the currency markets after a major outbreak of risk aversion in the last 24 hours. The dollar rose yesterday by 1.2 percent, as fears grew of global economic growth, according to the sign of the deepening of China's weakness, the euro area and the U.S. as part of the hopes for the promotion of the Federal Reserve to leave. Ben Bernanke, and the company decided to expand its quantitative easing at a meeting of the FOMC rate decision to suspend committee earlier this week. Moody's decision to downgrade the credit ratings of 15 of the largest banks in the world reinforces the sober atmosphere.
Asia Session: What Happened
MNI Flash Business Sentiment Survey (JUN)
Credit Card Spending s.a. (MoM) (MAY)
Credit Card Spending (YoY) (MAY)
Euro Session: What to Expect
Italian Consumer Confidence Ind. Sa (JUN)
KOF Institute June Economic Forecast
German IFO - Business Climate (JUN)
German IFO - Current Assessment (JUN)
German IFO - Expectations (JUN)
Critical Levels
Follow S & P 500 index futures Risky Assets Recovery May this weekend
Finance Ministers of the EU could provide clues to the next series of measures against the crisis
The German IFO business confidence gauge has top billing on the economic calendar in European hours. Expectations of the owner of the business climate for the month falling to the right call, on 2 June and reached its lowest level in 27 months. In the short-term studies suggest that the correlation of interest rate expectations are increasingly fought trends in risk appetite, as the main driver of price action of the euro. This suggests that signs of a deep recession is likely to build on the single currency as the expectations of the ECB's weigh-acceleration.
The result can be negative for the sentiment, in general, taking into account a weakening of the currency headwind of the largest bloc of global production this year to punish people FX is used, including Dollar Australia and New Zealand. Against this background, S & P 500 stock futures are showing cautious higher in late electronic trading in Asia, and warned that profit-taking, the price action at the end of the support of weeks of negotiations and take high-risk assets, despite the negative news .
Meanwhile Ministerscontinue the EU funds a two-day meeting in Brussels. Coming on the heels of the G20 summit earlier this week, where officials of the pressure, which included the region of serious world leaders to step up efforts to the debt crisis, the sit-down to view the emergence of some preliminary policy ideas. Specific initiatives are likely to wait until the summit of European leaders next week, but traders still continue to pay particular attention to comments from the sideline to pay the original indices.
The dollar was little changed against major currencies in consolidated trading overnight as the currency markets after a major outbreak of risk aversion in the last 24 hours. The dollar rose yesterday by 1.2 percent, as fears grew of global economic growth, according to the sign of the deepening of China's weakness, the euro area and the U.S. as part of the hopes for the promotion of the Federal Reserve to leave. Ben Bernanke, and the company decided to expand its quantitative easing at a meeting of the FOMC rate decision to suspend committee earlier this week. Moody's decision to downgrade the credit ratings of 15 of the largest banks in the world reinforces the sober atmosphere.
Asia Session: What Happened
MNI Flash Business Sentiment Survey (JUN)
Credit Card Spending s.a. (MoM) (MAY)
Credit Card Spending (YoY) (MAY)
Euro Session: What to Expect
Italian Consumer Confidence Ind. Sa (JUN)
KOF Institute June Economic Forecast
German IFO - Business Climate (JUN)
German IFO - Current Assessment (JUN)
German IFO - Expectations (JUN)
Critical Levels
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