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Forex Flash: EU Summit, or “very little, just talk” – Nomura

By FXstreet.com,  June 27, 2012, 10:08:00 AM EDT

FXstreet.com (Barcelona) - The EU Summit will kick in tomorrow and will finish on Friday. There are plenty of surveys and opinions pre-Summit regarding potential outcomes, but mostly analysts and market participants agree in that expectations are quite low.

After carrying a survey among 163 participants, Nomura bank has concluded that "…with 57% of participants expecting "very little, just talk", it appears that expectations are indeed low. 22% of respondents expect a bailout announcement of some sort, while 14% expect a resolution towards a banking union…".

The survey comprised this question: What do you expect from the EU Summit this week?
And the available answers were:

1) A resolution towards banking union
2) Solid steps towards fiscal union
3) A bailout announcement of sorts
4) Very little, just talk
5) Other




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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