Concerns about the euro-zone debt was again the main focus of investors in yesterday's session, reeling the euro, and bringing down markets. The German DAX stock was one of the hardest hit, closing the day at -5.3%. The CAC 40 in France was a -4.7% and even the UK's FTSE 100 closed the session at -3.6%. German Chancellor Angela Merkel, fresh from their fifth loss in direct local elections in Germany, says that Greece will not receive financial aid this month if the conditions of its rescue package, a statement made to crystallize the fears of many operators and further spurred both the sale of EUR / USD as sovereign bonds.
Today we have the reference of the U.S. stock market, although the focus will remain focused on Europe. Finance ministers from Germany, Finland and the Netherlands will meet in Brussels to discuss the collateral required by the Helsinki exchange for their participation in the rescue of Greece. Hellenic And the country will face a € 1.000m issue in letters to 6 months, but do not expect problems because it is probably placed in advance with the backing of the ECB in the secondary market.
In the macro front, In the U.S., the likely decline in the ISM services will help to push the Fed to implement new incentive programs (QE3). Ta is the absence of catalysts will continue to risk aversion today very much in the markets, we expect another round of setbacks