Saturday, June 7, 2014

News - Daily Summary

World: In Ukraine the newly elected president prepares to be sworn in, some hope that the conflicts in Eastern Ukraine will be resolved. The new President, Poroshenko had an informal meeting with Russian President Putin and German Chancellor Merkel at the D-Day commemorations. It was reported that they discussed the upcoming negotiations which will begin on Sunday after the inauguration in Ukraine. Lets see if anything meaningful comes as a result. Meanwhile in Eastern Ukraine a government aircraft was shot down by separatists, so the civil war still continues. Things across the rest of the world were calm today and besides the usual crimes and tragedies, there were no new major developments.

U.S.: Stocks continued their rally on the ECB rate cut today. Gold was flat but oil was a bit higher. The week ended calmly and besides the usual crimes and tragedies, there were no new major developments in the U.S. today.

It was another day in the calm before the coming economic storm.

What do you think?