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Here’s a brief look at the pre-market action…
- Once again markets are looking to be "on hold" awaiting any further news out of Greece, as negotiations continue amid internal disagreement within various Greek factions. A massive national strike designed to protest further austerity measures is planned for today.
- Asian markets were mixed to negative, with China the biggest mover and posting losses over 1.0%. Shanghai shares were lower on a lack of policy easing by the PBOC.
- Europe is trading lower as we write this, down about -0.6 to -1.0%
- U.S. futures have weakened over the last hour or so, with the S&P down about 5 points
- No major economic data today but Bernanke testifying to the Senate budget committee at 10 am eastern
Good Trading!
David W. (aka The Underground Trader)
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