Yesterday there were significant economic data released. The European debt crisis continues to dominate the news and Americans were not far behind, as Congress tries to reach an agreement that will increase the debt ceiling. It is noteworthy that the U.S. Congress must find a solution in relation to expenditure within two weeks.
By the end of this week, will hold a new summit to discuss the problems which Greek debt.
Today in North America, will be announced on Existing Homes Sales and Crude Oil Inventories. The crux of the matter is that Europe and the United States under the harsh gaze of investors began to prepare for downturns. And the fact that both areas are facing difficult decisions in the coming days of no benefit to investors because, like so many others, investors believe that both the euro and the dollar have very serious economic problems.
The stress test banks in Europe is raising suspicions. Only 9 banks actually failed, what amounts to a failure rate of a little less than ten percent. Furthermore, the fact was not allowed to consider the debt default reinforces the view of analysts who argue that the evidence was more than a confidence game played by the European Union. And maybe this is why several banks are still being affected negatively in the European securities market.