Monday, November 29, 2010

Sunday Night Futures

by Bill McBride on 11/29/2010 12:09:00 AM

Earlier the rescue package for Ireland was announced and preliminary agreement on a permanent resolution mechanism was reached (starting in 2013 - if the markets can wait that long).

Not much market reaction. The Asian markets are mixed tonight. And CNBC's Pre-Market Data shows the S&P 500 off about 8 points or less than 1%. Dow futures are off about 80 points.

The Euro is down slightly to 1.32 dollars

It will be interesting to see the reaction in the bond markets for Ireland, Spain and Portugal .

Best to all.