Ukrainian Globalist

The threat of defaults, the second wave of the global financial crisis and the collapse of the American dream are the reasons for a paradoxical decision by the powerful of this world. Was the last summit Big Twenty, held in Canada, a step forward to understanding and cooperation, or back to “his shirt? Paradoxically, but most likely, and those and others. In calling for “fiscal consolidation, does not violate the processes of growth, each offering something for themselves. But overall, this is just what one would prove: the rapid fiscal consolidation at this stage will contribute to growth, not impede it.

(more…)

The exchange rate euro started to rise after the publication of new statistics from the Eurozone. Statistical Office of the European Union reported that retail sales in the eurozone in May has increased by 0,3% in annual terms. Meanwhile, analysts forecast a decline of this indicator on 0,3%.

(more…)

Reducing the number of new houses sold in Australia in May to 6.4% on a monthly basis was the largest since July 2008, in April, an increase was recorded at 6.2%.

(more…)

Stock market crash provokes further problems for the euro. The future of the euro remains gloomy. Despite the fact that the foot and the successful auction in Spain have supported the euro / dollar, currency analysts Rabobank saw no reason for sustained growth. Also worth noting that the disappointing data on U.S. indicates the likely weakening of the dollar in the future.

(more…)

Stock trades in Europe began with lowering the leading index by an average of 1,5%. The British FTSE 100 index fell by 79.74 points (-1.62%) – up to 4,837.13 points, the French CAC 40 – at 69.38 points (-2.02%) to 3373 , 51 points; German DAX – on 83,79 points (-1.4%) to 5,881.73 points, while the Swiss SMI dropped by 83.89 points (-1.37%) – up to 6044.1 points.

(more…)

S & P-500 is another weak one at the U.S. stock market. On Wednesday, the U.S. stock market fell again. At this time, the average loss index was about 1% on news that ratings agency Moody’s has placed the sovereign rating of AAA of Spain to the list for a possible fall. Data from ADP also brought optimism to the market, showing growth in the number of jobs in the private sector of the U.S. in June, only 13000, the forecast increase of 60000. And finally, the curtain of the trading session selling intensified when speculators managed to press through the index S & P-500 below the level of 1040, which technically opens the way for further reduction in the range 950 – 850 points.

(more…)

Another great deal hadn’t finished. The Portuguese Government has used its veto to block the proposal, a Spanish company Telefonica in the amount of 7.15 billion euros ($ 8.72 billion) to buy a stake in Portugal Telecom the largest mobile operator in Brazil Brasilcel.

(more…)

FIFA World Cup 2010 showed Europe how to live. To live in a big way, western countries only need to sell their precious assets neighbors full purse. I was recently asked about how Spain should respond to the crisis. “Do not bother,” – I replied. “While they were still ahead of Honduras and Chile, we can assume that all is well.” World Cup – an old trick. Only a few countries manage to win. Some may win only when playing on their field (England in 1966, Goad and France in 1998). But someone still play where they won on every (Germany, Argentina and, if we turn to the pre-war history, Italy, Uruguay and). And only one team can not win at home, but it always wins in a foreign field. This done, the Brazilian team.

(more…)

New data are negative for the U.S. stock market. The level of support for the Dow Jones Industrial Average begins to fall substantially. Futures for the Dow Jones Industrial fall. Dow index goes up for sale at 10,293.52 points. According to IHS Global Insight analyst soccer in the U.S. production of goods coming to an end. According to analysts IHS Global Insight U.S. soccer in the production of goods coming to an end – in 2011 China will become the new leader. The influence of the stock market of China to the world markets will increase. Dow index is 10,279.54 points at the moment. DJIA lost -13.98 points (-0.14%).

(more…)

The exchange rate depends not on the euro in Greece or Hungary, and from one of the countries – the founders of the euro area … The future of the euro looks unreal. Greece went into the background, now it is just “the opening act.” All eyes are on Spain, a country that is destined to have a significant impact on the future of the euro, as well as to determine whether a new system of management control over the budgets of the Eurozone countries. It will be a crisis in Spain – the situation will change for the better in the world.

(more…)