Earlier, risk sentiment had a boost on Olli Rehn's comments. He believes the European economy may have bottomed out, that Baltc countries are resuming growth after adjustment, and the EU joint bank supervision will start in 2013. He also said that the ECB made an impact to ease market tensions, and that could also bee seen in yesterday's Italian bond auction. About banking, harmonizing deposit guarantees wouldn't mean merging funds, and pooling deposit guarantees in EU wouldn’t boost credit. Credit is tight on lack of demand and supply constraints. It's been reported that Spain is considering requesting a credit line from the IMF alone, instead of calling for an European bailout.
ECB's Mario Draghi said the central bank bought precious time with its unconventional measures and standed firm in his belief that the Euro can't go backwards. The German finance minister Schaeuble said Greek aid will be agreed on by Tuesday.
The German DAX 30 is down by -0.05%, the French CAC 40 falls by -0.50%, the Italian FTSE MIB softens by -0.43%, but the Spanish IBEX 35 gains +0.08%. Futures for the S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a somewhat “red” opening ahead of US initial jobless claims, the CPI inflation report and Empire and Philly Fed November surveys. WTI crude oil is down by 0.06% ($86.24) and Gold drops by -0.37% ($1720).