Today, Europe leaders have come out with a plan to help Greece lower its debt as bondholders will take a 50% haircut, while the European Financial Stability Facility (EFSF) that is funded to the tune of 440 billion euros will be levered up to closer to 1 trillion + euros. Globally markets are reacting very positively, and we provide a snapshot of global futures markets at 9am to show the anticipated pop in equities at the start of trading today. As well, strong earnings out of Barrick Gold (ABX-T) and stronger gold and commodity prices this morning should provide additional support to several portfolios in the competition!
Thursday, October 27, 2011
Anticipation for a Big Day on the Markets!
Today, Europe leaders have come out with a plan to help Greece lower its debt as bondholders will take a 50% haircut, while the European Financial Stability Facility (EFSF) that is funded to the tune of 440 billion euros will be levered up to closer to 1 trillion + euros. Globally markets are reacting very positively, and we provide a snapshot of global futures markets at 9am to show the anticipated pop in equities at the start of trading today. As well, strong earnings out of Barrick Gold (ABX-T) and stronger gold and commodity prices this morning should provide additional support to several portfolios in the competition!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment