Wednesday, 30 May 2012

Stocks down, Oil down, nothing has changed

Nothing much has changed overnight other than showing us that maybe the saying "sell in May and go away" is bang on!

- European markets slid, Stoxx 50 worst down 2%

- U.S markets down, S+P worst at 1.5%

- Greece - nothing new, accept Germany re-iterating what they already said about a join Eurobond.

- Upcoming local data includes building approvals and capital expenditure. 

- preliminary jobs number released in the U.S tonight.

 

Read the full report and where the exchange rate today is headed.

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