Bobbys Corner-open Market-January.24.2012
The euro was firmer in overnight trading-after a report from the Euro Zone pointed to an expanding manufacturing and service sector. This expansion data was unexpected, and much stronger than expected.
In a move to support local growth-the Reserve bank of India left their benchmark interest rate unchanged, but lowered their reserve ratio, in the hope of bringing more foreign investment to India. With Europe in crisis mode-the RBI is looking to attract foreign investments that may of gone to the EU or other world business centers instead.
It seems that the Greek government and their bondholders are not able to come to an agreement on how to solve the nations debt crisis.
Finance ministers from Europe have been reluctant to pour more money into Greece. The finance ministers have been hoping that the bondholders could offer some relief.
Asian equity markets were mixed-Europe is lower-as are US Futures.
Tonight at 9PM EST President Obama will give his “State of the Union” address.
HAVE A GREAT DAY & GOOD LUCK









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