World economy talk

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so come monday, we expect the commodities to shoot up once again...

one more day ....

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that is if ND wins

and/or the major central banks intervene

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ekathimerini.com | Second exit poll gives ND clearer lead over SYRIZA

Greece's conservative New Democracy party was ahead of the radical leftist SYRIZA party in Sunday's pivotal election, an updated exit poll of five pollsters showed.

The final poll showed New Democracy taking between 28.6 percent to 30 percent of the vote, while SYRIZA was just behind with 27.5-28.4 percent. They were followed by the PASOK Socialists taking 11-12.4 percent of the vote.

That would give New Democracy and PASOK, which back the bailout, a slim majority of 159 seats in the 300-seat parliament.

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risk on

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risk on

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risk on

S&P 500 e-mini futures

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^^^

so much for risk on

the rally has vanished

Spain 10 yr yield above 7%

News Headlines

Spanish and Italian financial assets fell on Monday, with the 10-year Spanish government bond yield hitting euro-era highs above 7 percent, because of persistent concern about Spain's fiscal and banking problems.

Financial markets had opened higher after Greece's pro-bailout parties won a slim majority in the weekend elections but the relief proved fleeting, with the euro also falling back against the dollar.

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now everybody's waiting for the Fed

FOMC meeting June 19 & 20

recent US economic data has been weaker than expected

market expects the Fed to respond to the weakness

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so what's the Fed gonna do?

A: nothing

B: extend ZIRP (zero interest rate policy) beyond late 2014

C: extend Operation Twist (which ends this month)

D: QE3