G’day Traders and Investors,

Global markets tumbled overnight on the back of releases from the start of the EU summit, which is the first significant move we have seen this week from a number of major indexes signalling that current movements for Europe may not be enough to encourage a positive market sentiment.

G’day Traders and Investors,

Overnight trading continued to see very little action in anticipation for the EU summit, which will no doubt be a key turning point in the fate of the Euro. For many it has become clear that the fate of the European financial markets rest with the politicians that make up the Eurozone and the EU.

Movements on the ESFS and a longer-term stability fund for the Euro will be discussed, along with guidelines on fiscal policy for Euro members. Also to be discussed are breaches to the conditions of being part of the Euro, which have been broken, mainly by Greece in terms of their debt levels, and how these laws will be enforced moving forward.

G’day Traders and Investors,

The markets held overnight with the majority of products seeing less then a 1% movement. Slightly more movement was anticipated as a reaction of the ratings watch discussed in yesterday’s daily.  However on minimal movement and volume we may see a generally quite week pass as we look toward the EU summit towards the end of the week. This will hopefully provide a clearer path for the Euro and the Eurozone, allowing for an extended market outlook to be possible for the first three months of 2012.

G’day Traders and Investors,

As we head into the EU summit this week to further determine the fate of the Euro and the European Union as we move towards 2012, Standard and Poor’s have thrown another spanner in the works providing notice to 15 Euro nations of a possible downgrade which will be determined most likely next week after the decision of the summit.

France is on the list, which has been under watch recently, however Germany have also fallen into the mix of a possible downgrade.

G’day Traders and Investors,

Italian Prime Minister Mario Monti will today present to both houses of parliament a plan for 30 billion euros ($40 billion) of austerity and growth measures that his cabinet approved yesterday.

The package will allow for changes to the current pension structure, which is likely to cause continued issue, which may turned into protests similar to Greece as similar measures where past there with this result.

Other changes include taxes on housing and luxury items along with a second change to Value Added Tax (VAT) similar to our GST.

This package has been quoted as a “decree to save Italy” says Prime Minister Mario Monti.

G’day Traders and Investors,

Last night saw minimal follow through on the back of Wednesdays’ charge higher, highlighting that this could simply be a knee-jerk reaction to the central banks announcements. Monday will see the commencement of liquidity action among the banks and may produce another small rally, but is less likely.

Also another detail to factor into the Wednesday movement was the end of November, which would have accounted for some adjustments in volume and balancing which would have caused a push higher.

G’day Traders and Investors,

In a global effort to ease the Eurozone’s debt crisis, key central banks across the globe cut borrowing rates overnight making it cheaper for banks to borrow dollars in emergencies.

The central banks aimed at easing strains in financial markets which saw increased gains across Equities and Commodities. For many, this will ease concerns on the debt crisis however it still appears to be prolonging of the inevitable of a collapse of the European markets and a breakdown of the Euro as a currency.

G’day Traders and Investors,

Overnight the ratings agencies were at it again, this time focusing on the US and Chinese banks with a number of downgrades occurring.  Standard and Poor’s have led the charge with these downgrades with other agencies expected to follow suit.

With the downgrades came some unexpected ratings for a select few Chinese banks being rated higher then the big banks of the US, seeing a potential shift in power in global banking.

G’day Traders and Investors,

Murray Priestley and Aussie Rob will be presenting a Lifestyle company update webinar outlining the highlights of 2011 and what’s planned for 2012.

We will also be introducing AUTO Trading to the Lifestyle Trader line up.

We will explain what this is and how it will change the way you trade. This is a huge announcement, which we’re sure you’ll find very interesting and will not want to miss out on.

In this webinar, topics will include:

G’day Traders and Investors,

Speculation grows today as the IMF is rumoured to be preparing a loan for as much as 600 billion Euros for Italy to “help out” should the country’s debt levels continue to worsen. If this is the case, and further details develop, the loan will more then likely come into play to help prevent the need to refinance the countries debt for the next 12-18 months.

At the moment the details are still unconfirmed, however the information seems to have boosted global markets today, which continue to trade higher.

Along with this record sales for Black Friday have been reported in the US, which has no doubt spurred an increase in positive sentiment for the day.

I would say one of the main reasons for this information to have taken such a hold would be the drive for traders to see some “green on the screen” after the rout of global markets last week which saw a seventh consecutive day of red or negative movements.

Company Update Webinar

Murray Priestley and Aussie Rob will be presenting a Lifestyle company update webinar outlining the highlights of 2011 and what’s planned for 2012.

We will also be introducing AUTO Trading to the Lifestyle Trader lineup.

We will explain what this is and how it will change the way you trade. This is a huge announcement, which we’re sure you’ll find very interesting and will not want to miss out on.