Eurozone Polish meeting - little progress seen

Nothing has come out of the Eurozone two day meeting in Greece that gives the market hope that the current debt crisis is under some sort of control and Asian markets are lower with Japan on holiday.

Greece is still centre stage, having to implement 100,000 job cuts before getting the next tranche of the bail out funds already agreed and they are currently having a crisis cabinet meeting to discuss how this can be acheived. They are due to run out of funds in a matter of weeks.

No change in sentiment at the open of markets this week, as European futures point towards a negative open, all debt related and focussing mainly around the strong possibility of a Greek debt default in the near future.