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Market News


European Markets

Opening calls are indicating a flat open this morning. European leaders pushed back a debt-crisis summit amid opposition to German Chancellor Angela Merkel’s drive for deeper-than-planned writedowns of Greek bonds.

Asian Markets

Indices in Asia are trading higher in the current session following yesterday’ rally in Europe and the US on hopes that a solution for the Eurozone crisis is nearing.

US Markets

US markets are called to open flat this afternoon.

 

Today’ main events

The Slovak parliament will begin debating the EFSF at 12:00 London time, with a vote expected later in the afternoon.

In France, a demonstration will begin in Paris at 1pm UK time against government austerity plans announced in August. The protest is not expected to cause major disruption and is due to end around 5pm.

Greece will auction 1 billion euros ($1.343 billion) of six month T-bills on Tuesday as part of its monthly short term debt sales, while outgoing European Central Bank President Jean Claude Trichet will appear before the European Parliament’ finance committee at 9:30 London time.

Economic releases out on Tuesday include UK industrial production figures for August at 9:30. Spanish lender Banco Espanol de Credito is due to release its third quarter results.