Prices of German bonds could fall 35%

Source: CNBC

Chief Economist of High Frequency Economics, Carl B. Weinberg, said that prices for German bonds may fall down by 35%, since it is possible that buns could lose their safe haven asset status, as Eurozone crisis expands.

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Fri, 01 Jun 2012 17:56:10 GMT

The U.S. dollar rose because of global growth concerns

Although, non-farm payrolls missed estimates, the U.S. dollar rose against other major currencies on Friday, as concerns about European and Chinese growth continue. EUR/USD was traded at 1.2318, gaining 0.40% today.

Fri, 01 Jun 2012 17:34:11 GMT

Unexpectedly low Chicago PMI in May

The ISM reported that PMI for Chicago decreased from 56.2 to 52.7 in May. Whereas analysts had predicted that there would be a slight gain of 0.3. Chief market strategist from Worldwide Markets says that such weak statistics from U.S. can push other markets into stagnation.

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