Breakfast Brief

All eyes turn to the Luxembourg, where Eurozone finance ministers are due to commence a two-day meeting to discuss debt management efforts. Traders will be interested in any moves to mend disagreements between the Greek government and troika monitors that open the door for disbursement of the latest batch of bailout funding. We will also be looking for any clues about the timing of a Spanish request for a full-on rescue package are also sought, particularly after borrowing costs rose at a bond auction last week. Any such bailout information should be seen as a bullish sign for the Eur.

Happy Trading