The risk mood is tempered by the lack of resolve on the part of EU governments
- Eurostoxx -1.0%
- Germany DAX -0.8%
- France CAC 40 -0.9%
- UK FTSE -1.1%
- Spain IBEX -1.1%
The divide between euro area governments in finding a common stimulus solution is hurting risk and the euro to start the day. Although, there is some hope with Greece's finance minister saying that the differences "should be resolved by tomorrow".
Well, they should have already been in the first meeting on 26 March so the latest development here just adds to doubts more than anything else. If we see a further stall tomorrow, don't expect risk or the euro to take to it too kindly in the coming days/weeks.
The ECB has already done their part, it is now over to the governments to respond.
