EUROZONE: Market players remain on edge for any soundbites stemming from
the eurozone finance ministers meeting Monday and the broader Econfin
meeting Tuesday. Credit Suisse strategists say “expectations are
somewhat elevated heading into the meeting after press reports Friday
suggested that an agreement to provide some degree of support to Greece
is at hand.” Talk of an agreement has been offset by “numerous EU
officials” who have stressed that Greek has not asked for help. “… it
would not be entirely surprising if the meetings ended without concrete
news,” Credit Suisse says. If a specific support plan is announced, the
euro is likely to test $1.3840 resistance, which if broken, would target
$1.40, the strategists say.