Good Morning NY.
- EURUSD (1.2238) – 0.69%
- Gold Futures (GC) still holding over 1600 ($1614.90) – 0.19%
- Oil Futures(CL) – 0.55%
- S&P Futures (ES) – 0.31%
- Europe: CAC40 + 0.37% FTSE + 0.62%
- Asia: (NKD) – 0.98%
- Grain Futures are up between 2-3%
Translating the numbers, it looks like Europe is happy on vacation and the rest of the world is doubtful. The parabolic rise in European equities continue.
There’s a huge amount of expectations built up in ECB intervention, and rumored meetings between Spain, Germany, Draghi, etc.
Hollande appropriately is in London…
This will be a busy news week, expect greater volatility as it grows old.