International News

European woes continued (ISFM) (23-05-2012)

Today was another day of doubt as to whether a solution would be agreed upon to repair Europe’s faltering economy, which pushed world markets considerably lower. All eyes are trained on the meeting of the 27 EU country leaders in Brussels later today; analysts are concerned that if there are no specific solutions to these issues, stock markets will be further affected.  Earlier in Asia, markets dropped sharply on European concerns, which were affecting sentiment. Stocks in Tokyo deepened losses as the yen strengthened after the Bank of Japan decided against further monetary easing measures. Exporters were hurt, as were financials, which fell across the board in the wake of Fitch’s downgrade...

Treasurys gain on disappointing EU summit data (MarketWatch) (23-05-2012) 

Gold leaves back gains on EU meeting (Reuters) (23-05-2012) 

German borrowing costs fall to record low (Bloomberg) (23-05-2012) 

U.K. retail sales fall 1.1% in April (MarketWatch) (23-05-2012)