Opening calls are indicating a lower opening this morning.
The Hang Seng average is trading lower.
Investors have a litany of questions for politicians in Europe and on Capitol Hill. And it’ unlikely that they’ll get many answers ahead of the Thanksgiving holiday next Thursday.
One major issue is whether the European Central Bank will start aggressively buying the sovereign debt of Spain, Italy and even France to stop the bondholder bleeding and woo buyers back into the EU bond markets.
Events this Week
Italian Prime Minister-delegate Mario Monti will meet with European Union leaders later this week to discuss Italy’ budget plans and how he intends to go about driving down the nation’ deficit.
Monti will travel to Brussels on Tuesday to meet with European Council President Herman Van Rompuy and President of the European Commission, Jose Manual Barroso.
On Thursday, Monti will meet with French President Nicolas Sarkozy and German Chancellor Angela Merkel in Strasbourg.
A 7 billion euro French Treasury bill auction will take place on Monday, with results expected around 1:50pm London time.
In the UK, the Confederation of British Industry will begin its annual conference, with Goldman Sachs Asset Management Chairman Jim O’Neill and Fiat Chrysler Chief Executive Sergio Marchionne expected to deliver speeches