Japanese Markets are closed today on account of Culture day.
If the Greece parliament's Vote of confidence which is supposed to happen tommorrow fails,there would
be early election and the referendum would be Called off.
All the funds to Greece are currently frozen and the EuroZone expects Greece to pass the Referendum
with a ,"YES",before December 18th.If the referendum fails Greece will have to default.
And our sources say,the revolt against the Greece PM to happen before friday.Stay cautious when the
European markets open.
The Italian borrowing costs went up recently and the opposition is eventually calling for the
resignation of the Prime Minister.
According to Luxembourg-based spokesman Christof Roche,"The European Financial Stability Facility is
putting off the 10-year issue “due to market conditions".
Aother official associated with the issue said in a conference call with the investors that the fund
will wait for the outcome of the G20 summit in Cannes,France before selling the Bonds.
China's transport Minister says Global shipping Industry is experiencing a downturn,worse than 2008
financial crisis.
FTSE fut is down by 72 points at 8.45 AM
Dow Fut is down by 140 points at 8.45 AM.
SGX is down by 40 pts at 8.45 AM.
