Asian bourses are now mostly in the red led by steep falls in H.K. (down 1.25%) and Shanghai (down 1.2%). Tokyo’s Nikkei which spent the morning in modest black numbers after a sharp fall in the Yen overnight is now flat. All up though (apart from the Chinese duo) stocks falls are light in Asia. The EU leaders summit kicks off tonight and whilst the market remains highly skeptical that it will provide anything solid in terms of a bailout for Greece, the meeting should provide something positive for the market and hence the Euro. Small Euro long just before 1.33 with a tight stop just below the figure might be a plan for the cynics amongst us. The lack of bounce however remains a worry.