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Europe Could Be In A World Of Trouble

Once again, the leading stock market indexes in Europe are trading lower. The important S&P 500 Index e-mini futures (ES-M2) are also lower by 5.00 points to 1388.25 per contract. The problems out of the European Union continue to increase on a daily basis. Spanish debt yields continue to climb and this is definitely problematic for the European Central Bank. Riots are breaking out in Greece again after a tragic suicide by a protestor. The Swiss National Bank had to intervene as the Euro traded below the $1.20 level per Swiss Franc. The bottom line, there are problems in Europe that will not be easily fixed regardless of how much money the central banks throw at the crisis. Traders should watch the CurrencyShares Swiss Franc Trust (NYSEARCA:FXF), CurrencyShares Euro Trust (NYSEARCA:FXE), and CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB) to be in play today. ...Continue reading here: