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U.S. stock market closed lower amid three positive economic data. Market participants consider three data is not enough to withstand potential selling pressure towards the close of this year. Nevertheless, the S & P 500 rose 6.5 percent this month. Thus, this index is in the best performance in December since 1991. Earlier, three U.S. economic data (USA) get positive. Labor market reports, business activity and housing all showed surprising strength.
Greek Parliament approved the simplification of its budget. This is a step to be taken in order to repair the country's economy because the economy crashing before. Approximately 3000 members of trade unions and communists held a separate demonstration to reject actions that loan rejection of more than 14 billion euros for next year. it was done to restore financial equilibrium Greece. 2011 Budget finally trimmed. Some of the sectors affected by pruning, among others, is bad health sector mismanagement Greece and budget for SOEs.
"There are more risks in the euro zone than outside." It is the words of the Polish central bank governor, Marek Belka, earlier this month, voicing personal thoughts leaders across Central and Eastern Europe. Many of those who think longly and hard about the promise to join the euro they make when they enter the European Union. They certainly will oversee the fate of Portugal, Ireland, Italy, Greece, and Spain (PIIGS) with vibration.