by Bill McBride on 11/11/2012 08:21:00 PM
Sunday, November 11, 2012
• Bond markets and banks will be closed in observance of Veterans Day. The stock market will be open.
• 4:00 AM ET: Eurozone Finance Ministers Meeting
On Greece, from the Financial Times: Greece battles to avert €5bn default
Greece is battling to raise funds to avoid defaulting on a €5bn debt repayment this week ...From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are down 1 and DOW futures are slightly down.
The country’s debt management office has announced plans to cover the full amount through a treasury bill auction on Tuesday, but Greek banks expected to buy the issue can only raise about €3.5bn of collateral acceptable to the European Central Bank ...
Senior EU officials, however, said they remain doubtful a deal can be struck at Monday’s meeting of finance ministers in Brussels ...
excerpt with permission
Oil prices are down slightly with WTI futures at $85.96 per barrel and Brent at $109.03 per barrel. Gasoline prices have been falling.
• Summary for Week Ending Nov 9th
• Schedule for Week of Nov 11th
Two more questions this week for the November economic prediction contest (Note: You can now use Facebook, Twitter, or OpenID to log in).
Posted by Bill McBride on 11/11/2012 08:21:00 PM