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Morning Brief


In Europe, opening calls are indicating a higher open as Greece remains in focus.

The Hang Seng and Nikkei averages are trading higher in Asia.

In the US, Investors have a full slate of data on the U.S. economy to sift through this week, which could vie with jitters about a default by debt-stricken Greece Stocks sank Friday after eurozone finance ministers postponed a decision on additional bailout funds for Greece, saying the government’ latest austerity program does not go far enough.

Yesterday, the Greek Parliament voted in favor of the politically unpopular reform package, paving the way for the ministers to sign off on a second bailout worth €130 billion when they meet Wednesday.

Events Today

There are a number of key bond auctions to watch in the euro zone on Monday.

Italy will aim to sell up to 8 billion euros($10.5 billion) of 12-month bills, while Germany will sell 4 billion euros worth of six-month paper. France will also sell an estimated of 7-8 billion euros in weekly T-bills.

In the US, President Barack Obama’s Fiscal Year 2013 budget proposals are expected later on Monday.