European Stocks Retreat as German Confidence Declines – Bloomberg 06-22-12

Salient to Investors:

German auto rebates on new cars rose to a seven-year high in June.

Moody’s cut the ratings of 15 global banks due to their significant exposure to the volatility and risk of outsized losses.

Predictions:

Lucy MacDonald at  RCM expects extremely low growth, low interest rates and much politically driven volatility in Europe for the foreseeable future.

Read the full article at http://www.bloomberg.com/news/2012-06-22/european-stock-futures-decline-before-german-confidence.html