Third meeting in a month but will Greece reach a deal
Trading Floor News November 26, 2012 2:40 PM
<p>- EU markets edged lower taking a breather after a five-day rally last week – FTSE is currently trading down 0.2% – The focus today […]</p>
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- EU markets edged lower taking a breather after a five-day rally last week
- FTSE is currently trading down 0.2%
- The focus today is very much on the meeting of Eurozone finance ministers who will be looking to achieve a deal for Greece to release a new tranche of aid, it will be the third meeting in a month to reach a deal
- There is some caution but it is clear that Greece’s lender will not allow the country to fail
- Elsewhere in Europe Catalonian voters supported pro-independence parties in election over the weekend, causing concern for Rajoy, although Spain is off the radar for a moment whilst Greece takes centre stage
- Banking sector is weak in the UK, with Barclays currently down 3.7%
- There is no major economic data due today
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