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U.S. Day Ahead: Markets look to Bernanke

Wednesday, June 06, 2012 - 04:07

June 6 - Investors await a word from Federal Reserve Chairman Ben Bernanke, who speaks before a congressional committee tomorrow.

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Finally out rally in the US and around the world stock market soared on talk that major central banks would act to bolster is slowing global economy. It encouraged that the EU in Germany we're actively looking at options to rescue. Spain's indebted banks brightest economics editor for the Americans they'll somber is here so bill. We get all this excitement and the market's progress was actually today that has the markets outside. -- what some encouraging news overnight commute which was signs of progress towards finding ways to help explain. Cost -- some of the banks that some some problems that. Spain has been very reluctant to think -- -- out -- comes with strings attached in Germany has been very reluctant to offer them money without getting. Any kind of reforms and it's and so this seems is some sort of compromise in the works. Involving money coming from the EU rescue funds and gotten straight since the Spanish banking fund and -- that was encouraging news of people who have you wanted to stand tonight. It was somebody steps being taken in Europe. Act to serve -- floor in the markets or that we have investors just get jittery once again it seems that once there's positive news out of Europe. The next Ayers says there's not. Yeah I think this is still very very long way to go to some of the reforms that was talking about you extremely long time. Reforms that would the president giant food and what you -- and his I think is very significant today. That that the markets took comfort from the European sentiment sneezing even that didn't cut rates will come out fresh lines there are enough comments. From from the present -- passenger Mike Myers tried to suggest that. If things get worse and perhaps once governments take the concept -- take. Then there will be more helpful coming from -- -- -- -- but overall I think Marcus. Going to be taking once that for the possibilities this time. Robert. Being -- -- waiting for money from battery chairman Ben Bernanke. Thinks or congressional committee tomorrow. And it all comes down one key question will he or won't he hit it about you very. So that's the big question for. He's talking about monetary policy and the outlook for the economy. Clearly there have been some pages elements. Recently the turmoil in Europe. The week here rules from. The revisions earlier throwing -- them. Worries and weak job market however he may be reluctant to -- entirely because. Key is that consensus oriented guy he has a chance to really talk this over with his colleague. Investors will also be listening to any policy against other fed officials. Especially after a hot Atlanta fed president and -- -- I'm seeing member Dennis Lockhart. Said the Fed may ease if the economy falters the -- will also hold an open meeting to vote on a proposed -- to implement Basel III capital rules. Data -- take and look at the labor market out tomorrow with weekly jobless claims expected to decline from the prior week. We'll also get the IC FC monthly chain stores -- report along with a look at consumer credit -- April and after. A grim news that's been hitting -- recently we found ways you possibly ideally that. Okay. -- So this is how police officials in west India fights stress through laughter there. According to the instructor at a combination of unconditional laughter and grieving stretches -- muscles. And triggers endorphins that the chemical in the ring -- -- feel that affects. Apparently can -- this group it appears to be working. That is your US day ahead follow us on Twitter writers and -- and also check out our TV channel at writers dot com slash writers TV I'm Rhonda -- this is writers.

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U.S. Day Ahead: Markets look to Bernanke

Wednesday, June 06, 2012 - 04:07