European Markets

Opening calls are indicating a flat open this morning.

Asian Markets

Stock averages are trading lower in the current session.

US Markets

 

U.S. stocks tumbled Wednesday as the European debt crisis continued to weigh on the markets.

 

Events Today

 

Spain will hold an auction of medium term bonds on Thursday, with 5-year yields expected to undercut those of Italy’ which hit a record high on Wednesday of 6.47 percent.

The final auction of the year for Spain will take place around 9:40am London time.

Economic data to watch includes euro zone flash PMI for December at 9:00am UK time, the ECB monthly bulletin also at 9:00am and UK retail sales data at 9:30am.