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In Europe finance ministers will meet in Brussels today to review programs for Cyprus and Spain.
And may sign off on eight payments to Greece stuck their head of that -- in the red we've got London down nineteen paris' down almost eighteen.
-- down about 57.
Let's dig a closer look now at what's moving those markets that -- used chief market analyst -- -- over London James it looks like European stocks may be taking a breather today.
From their recent -- -- you surprised by that winning streak they were on considering how weeks many of the economic reports have been.
Yes I am assuming we've seen quite it quite difficult times sort of -- -- -- -- is really not because the markets of being.
Moving around or been erratic haven't they've been going up pretty steadily.
We seem pretty steady moves really across the -- around the world in terms of major indices and that's been open on the back of the fact we've seen positive and negative news but we've -- is as a good thing -- -- because of stimulus in because of right cuts and things that.
That the worry that we have had in these -- is the fact that he's been really on the back of real -- volume.
And that always worries -- when when the markets are rallying and is not a volume behind and the economic news has been -- That's always worrying point that we could see the markets -- -- -- -- is coming because who have OK pretty quickly and that's the -- in point of the month.
And James on his finance ministers meeting in Brussels is there any chance Greece doesn't get its next day payment.
I don't think so I think they will get today that claimants and I think mainly because even if I hadn't even if the times of their bad -- have been -- -- -- spending cuts haven't been achieved today.
Austerity measures have been -- DC being in the year -- -- Would find a way to move the goalposts just so they would be have to receive these payments.
I imagine are very skeptical in this whole Euro zone crisis that we do I think it wouldn't matter if any of these day countries have -- -- Times -- -- that austerity plans the money's gonna get handed out whatever because.
Now there's so much effort being put -- -- saving grace -- in the bank since buying site in Portugal that an artist can't let them file so it's it's just not as.
Pie out off the -- out so well and until we shot we site until we solve the problem but whether the problem's going to be -- and oil is still a big question.
-- -- all the problem or is run out of money entirely -- It's James he had his -- right up Fareed thanks so much Jane does be talking to you.
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