ECB member stated that the euro rescue fund should be granted a
banking license. This sent some initial shockwaves through the
financial markets.
There was no data first thing this morning. We have new home sales data @ 10am et and a 5Y auction this afternoon.
News
Data out of the euro zone showed continued weakness. A German
manufacturing report showed weak sentiment along with lower capacity
use.
While there are no certainties, the euro zone crisis is
far from over and we are likely to see additional market swings. Stay
alert.
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