Photo: AP/Remy de la Mauviniere
The first “Merkozy” meeting of the year began at 11 AM (5 EST) in Berlin.The leaders of France and Germany are expected to discuss the sinking euro, implementation of last month’s fiscal tax and France’s push for a financial transaction tax.
European markets opened the day lower and then bounced following strong German export data.
In Asia, Shanghai rose 2.9% and the Hang Seng rose 1.5% on talk of support for the stock market, ie short term easing, by Premier Wen Jiabao.
In the US, future are slightly positive.