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A pair of manufacturing surveys were released today in the US. The Chicago National Activity Index for May showed that conditions had deteriorated somewhat, while the Dallas Fed’s manufacturing survey for June showed an improvement in conditions. After the Philly Fed’s surprising collapse in June, we’ll be watching the other regional Fed surveys especially closely. […]

On the global arena, key summit of the European Union (EU) is scheduled on 28 and 29 June 2012 to discuss the ongoing European debt crisis. At the upcoming EU summit, European officials may reportedly launch the long process of deeper integration within Europe, starting with a push for a banking union, with the aim

Asian markets are trading on a negative note today on the back of slowing US economic growth coupled with downgrade of world’s largest 15 banks by the Moody’s credit rating agency. The major banks include are Credit Suisse, Morgan Stanley, UBS AG and 12 other global bankers. US Unemployment Claims declined by 2,000 to 387,000

Asian markets are mixed this morning, over the disappointment of the Fed’s decision; markets had expected a larger stimulus package or new tools. US Fed opted to extend its Maturity Extension Program (Operation Twist) for another six months, but there was no new large-scale asset purchase program (QE3). UK jobless claim increased 8,100 to 1.6

Markets in the US are excitedly anticipating today’s Fed meeting, hoping that some form of further monetary stimulus might be forthcoming. Investors are expecting some sort of monetary easing from the Feds. It will be a fairly quiet session in terms of scheduled economic data releases in Europe and Asia. The BoE will release minutes

The G20 leaders focused their response to Europe’s financial crisis on stabilizing the region’s banks, raising pressure on German Chancellor Angela Merkel to expand rescue measures as contagion engulfed Spain. American exporters from Dow Chemical Co. to Hewlett-Packard Co. are preparing for a further decline in demand from Europe as the region’s deepening debt crisis

This review is being written before the final release of elections throughout the world are tallied. Greece, France and Egypt are voting on Sunday and due to time differences and reporting times, the results remain up in the air so please keep a close eye on the markets as they will be volatile today and

Equities and the euro were helped by reports that major central banks are poised to  inject liquidity should the results of weekend elections in Greece unleash havoc on financial markets. The Asian equities are also trading positive due to the above reason. However, news of easing from the central banks has acted as a boost