Gold And Silver: Daily Market Outlook. May 22nd 2012

As reported by Market Leader (US)

The USA allowed China to buy US bonds directly from the US Treasury. This is the first time in history the US authorities concluded such an agreement with foreigners.

 

Stock markets gained after the Group of Eight’s reassuring statements about Greece and the Chinese Premier’s announcement of extra efforts aimed at supporting China’s economic growth.
 

The EU summit is scheduled for tomorrow. Financial markets expect that the summit will end up with effective steps towards stimulating the eurozone economy. Germany is feeling more pressure while searching for a compromise between cutting the public spending and stimulating the eurozone economy. Merkel has always been devoted to austerity. Francois Hollande, the new President of France, will most likely suggest emitting bonds backed by all the eurozone countries.   Read more...

 

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