EUR/USD is down at 1.2205, marginally easier from a North American close Monday up around 1.2225. Not much new to whet the market’s appetite.
Citibank plans to cut Greek government debt from World government bond index after Moody’s latest downgrade yesterday. Oh, the ignomy of it all!!!
Euro zone data due today:
06:00 GMT: EU 25 new car registrations for May
08:00 GMT: EU Italian trade balance for April
09;00 GMT: German ZEW economic sentiment for June expected 48.7 from 45.8
09:00 GMT: Euro zone ZEW economic sentiment for JUne expected 41.2 from 37.6
09:00 GMT: Euro zone trade balance for April expected 1.5 bln from 0.6 bln
09:00 GMT: Euro zone employment Q1
Meanwhile, European stocks look set to open lower this morning.
