06 Dec '11, 8am

Daily Comment on the US and SG market (06/12/2011)

DJIA Trying To Breakout Resistance; S&P’s Warning Dampens Mood Yesterday, France President Nicolas Sarkozy and German Chancellor Angela Merkel made some positive developments on Europe debt crisis. Markets around the world rallied another round. DJIA was breaking out of its downward trendline resistance and it did seem to have the strength to do so, until S&P came out with a warning to downgrade EU nations’ ratings. US Treasury Secretary Timothy Geithner is scheduled to meet up with the 2 European leaders tonight. S&P’s warning came at a time just before the 3 leaders meet and it will seem to add pressure to the leaders to do more on the debt crisis. How … Read the full article → Related posts:Daily Comment on the US and SG market (20/09/2011) Daily Comment on the US and SG market (01/09/2011) Daily Comment on the US and SG market (09/11/2011)

Full article: http://thefinance.sg/2011/12/06/daily-comment-on-the-us-a...

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