Salient to Investors:
German auto rebates on new cars rose to a seven-year high in June.
Moody’s cut the ratings of 15 global banks due to their significant exposure to the volatility and risk of outsized losses.
Predictions:
Lucy MacDonald at RCM expects extremely low growth, low interest rates and much politically driven volatility in Europe for the foreseeable future.
Read the full article at http://www.bloomberg.com/news/2012-06-22/european-stock-futures-decline-before-german-confidence.html