Market Comment: February 15

By / February 15, 2012

Good morning, Markets are ‘risk-on’ this morning following the announcement that China will come to Europe’s aid and buy into the emergency bailout fund.  It is in China’s best interest to support Europe, since they are China’s biggest customers; plus, it does not hurt when you have the world’s largest foreign exchange reserves. The Euro… Read more

Market Comment: February 14

By / February 14, 2012

Good morning, Markets are soft this morning following mixed economic data; meanwhile, Moody’s is playing catch-up to Standard & Poor’s by downgrading the sovereign credit rating of Italy, Spain,  and Portugal while putting England, France and Austria on a negative outlook. German economic sentiment rose unexpectedly to the highest level in 10 months, 5.4 from… Read more

Market Comment: February 13

By / February 13, 2012

Good morning, Although just on Friday Greek opposition had disapproved the proposed austerity package, the deal was struck over the weekend and risk appetite is on the rise.  The Loonie has regained 30 basis points against the USD.  All eyes will be on a meeting of EU finance ministers on Wednesday that will vote on… Read more

Market Comment: February 10

By / February 10, 2012

Good morning, 24 hours after the Greeks announced a deal has been reached, it appears that it is being rebuffed by both sides.  Greek opposition has announced that they cannot vote for the Troika accord as is, while Luxembourg PM Jean-Claude Juncker has stated he will not agree to the deal unless Greek opposition parties… Read more

Market Comment: February 9

By / February 9, 2012

Good morning, Markets are on the rise this morning on yet another headline reporting that Greek politicians have reached an austerity deal, pledging to return to GDP growth in 2013.  Greece’s two largest unions reacted by announcing an immediate 48-hour general strike, calling for a social uprising. Opposition parties in Greece have been arguing for… Read more

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