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- Today at 11:15 the European Central bank will reveal the three month cash demand level from banks. This will be seen from the market as an important indicator of European bank liquidity: the ECBE rate of 1% is in fact higher than the market rate and borrowing in the three month window over 300 billion is considered by several analysts as a bearish news on European banks. The bank of international settlements recently affirmed that there is a risk that European banks will struggle to refinance their debt if the investor sentiment remains negative.

- While this is Today bad news for European banks it is good news for many of traditional Swiss banks that attract new inflow of funds not based on fiscal advantage but higher stability. Additionally, the Swiss National Bank recently stopped to avoid an appreciation of the Swiss franc as exports remain strong despite the appreciation.

- A good new...

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Dr. David Costa of Robert Kennedy College on CNBC 23 June 2010 from Dr.David Costa on Vimeo.

- A recent study by Merrill Lynch confirms that the wealth of the millionaire investors rose 18.9% to 39 Trillions in 2009. Compared with the 32.8 Trillions of 2008 and 40.7 Trillions of the pre crisis level we can see that Millionaires returned to pre-crisis level.

- The faster growing regions are Asia Pacific (31%) but even North America rose a respectable 18%.;
Global wealth increased 11.5% last year to 111.5 Trillion (111.6 in 2007)

- Given the volatility it is good to invest in sectors where Europe is clearly a World leader and has a very important competitive position that cannot be easily compromised like Luxury. Barrier o...

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- Fear is now leaving the European markets and Europe is still a good buy.
Despite the investor caution and recent downgrade of Greece the emergency package should have a positive impact on the market. I maintain that both the Euro and most European markets have still attractive valuations.

- The acceptance of the 20 Billion BP Escrow Fund should fuel market optimism but by end of the year Oil should be at an higher level than now: supply and demand fundamentals are still in favor of higher prices and, despite the good intentions, alternative energy solutions will take time to implement.

- British Banks risk to lose part of their competitiveness in the market: British Chancellor Osborne is expected to
propose the introduction for a substantial bank levy. This is to be announced next Tuesday during the new budget.
While politi...

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