June 27, 2012
- in Uncategorized by schooloftrade
FENG SHUI For Professional Day Traders

—————————————————————————————
News from Around the Globe Overnight:
– JPY: Asian equity markets had little direction ahead of the EU Summit. Hopes are not high for a concrete outcome from the EU meeting, however markets settled into their cautious mode.
– Speculation continues in Chinese press that China will take easing steps within the next 1-2 months.
– EUR: Equity indices opened the session broadly higher, tracking yesterday’s gains for US equities. Financials had a positive open, led by Italian banks
– German official clarifies German Chancellor Merkel alleged ‘drop dead’ comments on Eurobonds
– Egan-Jones cuts Germany Sovereign on Tues to A+ from AA- (Note: the 3 majors have Germany at AAA, Outlook stable)
– French 2012 GDP growth to remain sluggish
– Spain Q2 GDP contraction to be worse than Q1
– France, propose supervision of euro-zone banks be transferred to a European supervisor, possibly ECB
– Egan-Jones cuts Germany Sovereign on Tues to A+ from AA- (Note: the 3 majors have Germany at AAA, Outlook stable)
– French 2012 GDP growth to remain sluggish
– Spain Q2 GDP contraction to be worse than Q1
– France, propose supervision of euro-zone banks be transferred to a European supervisor, possibly ECB
– German public banks group said to have rejected euro Bonds and Euro-wide deposit guarantees