The opportunity opportunity
Biggest day of the month so far today people. Rio Tinto, 3rd largest mine, reported 1st ever loss today losing $3billion YOY. BNP Paribas earnings came out today revenue down 38% but announced €2bn spending cuts and a plan to expand into Asia and US markets. Both Germany and France GDP figures came out this morning both worse than expected, signalling continued recession in the 1st and 2nd largest European Economies. EUR GDP out at 10am so guess what? Assets to concentrate on this morning is EUR/JPY, RIO TInto, BNP Paribas and EUR/USD.
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