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Tensions in the Euro Zone look set to ease as pro-European, pro-austerity parties have appeared to get a majority in the latest round of elections and Greece looks to form a coalition.
Equity markets are expected to open higher this week on the back of a good rally in United States market at the weekend and with the positive news out of Europe.
As the next round of earnings approaches it will be interesting to see how the US market trades, with some evaluations looking cheap compared to earnings’ reports.
In the domestic market the GDP is expected to be around 2 per cent.
In perspective Australia’s last GDP reading was four per cent, and there is concern in China as the GDP is slowing down to around eight per cent.
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Posted on 21-06-2012 00:01 | By PLONKER
The real quesiton is, why would you want to if you are one of the northern sensible and solvent countries? All you are going to get is a raft of debt laden misfits would like to play in the sun and ratehr than pay their own way. Not at all unlike our own wonderful welfare system. No difference really.