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European leaders have one week to settle differences and flesh out a strategy to terminate their sovereign debt crisis.
Oil Rises to Highest in a Month on Europe Debt Rescue Efforts
UK Manufacturing Production m/m came out -0.30% vs. -0.10% and the Cable is trading at around 1.5620.
Rumors regarding the ECB’s possible cut of interest rates is causing volatility in the EUR/USD pair
"Germany is prepared to move to recapitalization" Says Germany’s Angela Merkel
There is a slight chance the ECB will lower interest rates, according to rumors, before the ECB Interest decision later on today.
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European markets closed very positive boosted by news reporting that Finance ministers of the European Union are... fb.me/z2Yy9YiP
US ADP Non-Farm Employment Change will be released soon, expected to be 76K vs. 91K last time.
Speculation regarding the shielding of banks from the sovereign-debt crisis are pulling stocks in Europe up.
Bernanke said he's concerned about the European economy.
Europe: ECB President Trichet will testify before the European Parliament's Economic & Monetary Affairs Committee, in Brussels @ 13:00 GMT
Europe: The PPI came out -0.10% better than expected at -0.20%
The Canadian Dollar is rising against the other majors as manufacturing rises in the US
The U.S. Dollar continues to strengthen as futures drop!
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UK Manufacturing PMI came out better than expected at 51.1 vs. 48.9.
UK Manufacturing PMI came out better than expectated at 51.1 vs. 48.9.
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