German Chancellor Merkel looks willing to make loan guarantees to GM’s German subsidiary Opel as long as the funds stay in Germany. She says she wants to make the funding decision by Christmas.
US equities nearly reached breakeven on the day before stalling. They now trade down 0.5%. EUR/GBP is seeing a bounce after heavy selling in Europe this morning. EUR/USD is at 1.2720, Cable at 1.5025.
