According to investment banking sources, Spain is considering turning its so-called bad bank into an investment fund, as part of its banking sector required under the terms of the EU aid package. The EURUSD pair is trading at session highs at 1.2375, with comments from the French finance minister highlighting the urgency to address the Eurozone’s crisis. European equity futures are indicating for a marginally higher open.
As mentioned previously, Apple traded at record highs to make a new US market capitalisation record. Later today, Dell and Best Buy release quarterly earnings with 45 cents and 31 cents expected respectively.
posted by Philip Ball | Sales and Trading