European
meeting and Greece
debt talks
All investors and
markets keep a close eye on Greece
debt issue as Euro zone finance ministers and officials are going to meet today
in order to discuss a possible deal to prevent the country from defaulting on
its debts, amid increasing worries about the exit of Greece from euro area.
In fact, any signs of
improvement in Greece debt
talks and if Greece
will reach a deal with its creditors, it will push the European markets to
recover and the Euro to extend its gains.
While, any disappointing news can affect the European markets as there
are concerns that Greece,
after securing emergency funding from the European Central Bank, would delay
the payment of its debts. And there are a fear that if a deal is not reached on
Monday, deposit withdrawals from Greek banks could speed up.
Accordingly, the uncertainties
over Greece issue is
expected to boost the U.S.
markets particularly the bond market as investors will seek safe-haven assets.
On the other hand, the
investors are waiting for the release of important data from U.S economy
including: existing home sales on Monday, new home sales on Tuesday and the
gross domestic product index for the first quarter on Wednesday.
