On Monday, European shares rose in early trade. The FTSEurofirst 300 index of top European shares rose 0.6 percent at 1,058.15 points. The Dow Jones industrial average fell 100.90 points, to 10,609.65. The Standard & Poor’s 500 Index dropped 12.43 points, to 1,136.03. The Nasdaq Composite Index lost 28.75 points, to 2,287.99.The Nikkei fell 90.18 points to 10,764.90. The TOPX dropped 0.8 percent to 949.76. 

Yesterday the Eurostat’s director-general said that the head of the Europe’s statistics agency has had “sleepless nights” over Greek economic data and also that statistics for the debt and budget deficits in 2007 and 2008 are still not reliable.  Yesterday, Britain tripled its aid commitment to Haiti to £20m as rescue teams struggled to help survivors of last week’s earthquake. According to the latest survey from Lloyds TSB Corporate Markets. At the end of 2009 Business confidence fell to its lowest level in eight month,

Due for release today is the GBP CPI y/y, EUR German ZEW Economic Sentiment, GBP BOE Inflation Letter, CAD BOC Rate Statement, CAD Overnight Rate, TIC Long-Term Purchases, BOE Gove King Speaks and NZD CPI q/q.

By Greg Secker

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