The
undertone seems to be turning cautious again. Anxious apprehensions
continue over Europe’s resolve to tackle the region’s credit crisis.
Leaders of the debt-plagued region continue to bicker over possible new
measures to stop the debt contagion from worsening.
Reports
point to a rift over what the terms of another bailout for Greece
should be. The review team representing international lenders will
return to Greece on Thursday to examine Athens' austerity moves designed
to ensure it receives its next installment of aid.
The
start looks to be soft due to renewed selling in global equities. US
stocks tumbled while European indices too closed lower. Asian markets
are more or less in the negative zone. Overall the trend will be choppy
due to the F&O expiry today. Even otherwise, volatility is likely to
persist, as long as the fate of Greece and Europe hangs in balance.
Weekly
food inflation data, Germany’s unemployment, EU’s consumer confidence
and US GDP are among the key economic statistics to watch out for today.
