by Calculated Risk on 8/07/2011 11:21:00 PM

Sunday is the new Monday ... once again!

Earlier the ECB announced a bond buying program. And the G7 put out a statement.

From the NY Times: Global Finance Leaders Take Steps to Try to Calm Markets

From the WSJ: ECB Moves to Prop Up Italy, Spain

The Asian markets are red tonight with the Nikkei down 1.3%. The Hang Seng is down over 4%, and the Shanghai down close to 5%.

From CNBC: Pre-Market Data and Bloomberg futures: the S&P 500 is down about 25 points, and Dow futures are down about 230 points.

Oil: WTI futures are down sharply to $84 and Brent is down to $106.

Yesterday:
• A long Summary for Week ending August 5th
• Schedule for Week of August 7th