It was a pretty dismal day for European markets yesterday as investors seemed to have decided on limiting their exposure to European stocks with financials dragging the FTSE down.  

Euro decided to carry on falling to a 4 month low with overall confidence deteriorating further amongst investors. The short term trend is likely to the down side unless and until there is clarity from Greece. Even though Greece says that it wants to be part of The Eurozone, the mood amongst the officials seems to suggest otherwise, with Greece unable to form a coalition and the likelihood of left being in power in the  June elections, adherence to the original austerity plans seems less and less likely spooking the markets.

Posted by Khurram Ali | Account Executive (kali@valbury.co.uk)