Merkel and Hollande are both due to meet with the Greek PM today. According to ministry sources, a working group led by Germany’s deputy finance minister Steffen is studying the economic impact of a Greek exit from the Eurozone. Spanish producer prices, UK GDP and German import prices all due this morning.

Employment and consumer confidence data out of the US yesterday somewhat disappointing, and equity indices closed near session lows In corporate news yesterday Caterpillar announced that they are cutting China production. Expect durable goods orders today.

 

Posted by Philip Ball | Sales and Trading