Review: A few poor economic indicators from Spain as well as some problems caused by one of the coalition partners in the Greek government in respect of the current negotiations with the Troika (EU/IMF/ECB) sent negative waves through the financial markets. As expected the Bank of Canada did not change its interest rate and softened its rhetoric – CAD strengthened against USD. The overnight HSBC PMI data for manufacturing industry in China came out at 49.1 against 47.9 the last time. AUD
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The ‘financial week’ begins today …