Heavy focus from Greece’s elections yesterday shifts towards the G20
summit today in Mexico as world leaders gather to resolve ongoing debt
problems around the globe. The main talking points will be centered on the
Eurozone crisis without a shadow of a doubt.

Heavy focus from Greece’s elections yesterday shifts towards the G20
summit today in Mexico as world leaders gather to resolve ongoing debt
problems around the globe. The main talking points will be centered on the
Eurozone crisis without a shadow of a doubt.

Greece saw its New Democracy party (29.7% votes) leader Antonis Samaras
win ahead of its main competitor Syrizia (26.9% votes). New Democracy will
form a likely coalition with the socialist Greek party PASOK (12.3%). This
means that Greece will remain in the Euro for now and New Democracy has three
days to form a new coalition government. This may give some confidence for
the Euro, which as a result should strengthen.

 France’s president Francois Hollande seems to have won enough seats in
parliament to form a majority socialist party. The elections suggested that
he took more than 320 out of 577 seats in the National assembly. Now Hollande
will look to see strong backing for his tax and spend program.

 United States housing market according to reports saw a slight gain in May
as house prices dropped, home starts climbed 0.4% and record-low mortgage
rates available. This also prompted builders to take on new projects creating
a new found confidence in the economy.

 As the Euro may expect a small increase on the back of elections in Greece
we may continue to see this trend continue should the new parties form a new
government over the next couple of days.

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