Opening calls are indicating a higher open this morning.
Stocks are trading higher in Asia.
On Monday, all eyes will be on the EU-US summit in Washington, D.C., where European and U.S. officials are likely to discuss tactics to resolve Europe’ debt crisis. European Council president Herman Van Rompuy, European Commission president José Manuel Barroso, President Obama and Secretary of State Hillary Clinton are all expected to attend.
Belgium faces its first test at the bond auctions later Monday as it plans to sell medium and long term maturities since last week’ news that ratings agency Standard & Poor’ had downgraded the country to AA from AA+.
The Organisation for Economic Co-operation and Development (OECD) in Paris will present its latest forecasts and analysis for the world economy later this morning.
EU officials meet with their US counterparts in Washington to discuss a number of issues; in attendance will be President of the European Council Herman Van Rompuy and President of the European Commission Jose Manuel Barroso.