As Americans give thanks over the holiday table Thursday, nervous traders will be watching the developments overseas and will continue to do so in Friday's half day stock market session, according to cnbc.
There are no U.S. economic reports of note Friday, so Europe will dominate. On Thursday, German Chancellor Angela Merkel and French President Nicolas Sarkozy meet with newly named Italian Prime Minister Mario Monti.
"I don't see any magic coming out of it," said Art Cashin, director of floor operations at UBS. "The problem is they don't have a plan. This is like a town that has no fire department. When something catches ablaze, we're all in it together."
Read more at http://www.cnbc.com/id/45423039
No comments:
Post a Comment