European Crisis rolls on

New quarter but I am afraid to say the story is the same. 

Global markets are gripped by fear that the Eurozone crisis and how any potential Greek default, partial or otherwise is handled, will cause further stress to world financial markets and this negative sentiment is not going away until Greece is dealt with and no chaos ensues.The increase in the rescue fund is seen as inadequate even at the higher level.

Losses in Asia look to spill over to the European market at the opening with Bank shares on target to lose around 5% across Europe, all Greek default related.

In the UK, the Footsie is pointing towards a 100 point opening loss, which makes a breach of 5,000 very likely in the near future and though there are certainly many bargains out there, money for now is best kept under the bed.