A strong start to Asian stocks start for the day, thanks to Australian GDP numbers, probably will only last until Europe wakes up as news wires across the globe tell stories of an impending and messy Greek exit or Spain begging for aid for its banks to avoid the continued collapse.

Australia is looking very good this morning after a GDP growth figure of 1.3% which is more than double the 0.6% expected number.  The Aussie dollar jumped off of what might be the only good news going around the globe today, helping the Nikkei regain losses from the start of the week.

The fall and fall of Facebook is still continuing as the decline since the IPO is 32 percent of its value, trading at $25.87, down from $38 at its launch on May 18th.

 

Posted by Jonathan Bristow | Account Executive