European Markets Lower as Summit Looms (EWG) (SPY) (EWQ) (EWU)
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iShares MSCI Germany Index Fund ETF (NYSE: EWG) is expected to open lower as shares in Germany slide ahead of comments from a summit in the E.U. on Thursday. Expectations for the summit were tempered after Germany's Angela Merkel put the kibosh on prospects for euro-bonds - a shared debt instrument seen as a possible solution to the crisis. Although, comments from the German Finance Minister that they are willing to negotiate euro-bonds.
Meanwhile, Germany's unemployment rate remained unchanged at 6.8 percent. In other data, business climate and consumer confidence both ticked lower in the Euro area in June.
The DAX is lower by 1.63 percent, while the FTSE and the CAC both lost 1 percent. Equity futures in the U.S. are expected to open lower by 0.50 percent.
Meanwhile, Germany's unemployment rate remained unchanged at 6.8 percent. In other data, business climate and consumer confidence both ticked lower in the Euro area in June.
The DAX is lower by 1.63 percent, while the FTSE and the CAC both lost 1 percent. Equity futures in the U.S. are expected to open lower by 0.50 percent.
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