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Morning Brief

European shares were called to open flat to lower Tuesday after Greece managed to secure its crucial second bailout of 130 billion euros helping it to avert a disorderly default.

Asian stocks fell, with the regional benchmark index retreating from a six-month high, as oil prices at a nine-month high threatened to curb spending and accelerate inflation. This tempered somewhat the optimism after Euro-area finance ministers agreed a bailout package for Greece.

The Dow Jones Industrial Average closed at its highest level since 2008 Friday. Yesterday, US was closed to celebrate President’ day.


Events today

Spain will hold a bond auction tendering between 2 to 3 billion euros in 3 and 6 month t-bills at 9.30 GMT.