Share prices are only a point above their intraday lows and EUR/USD is only a few handfuls of pips higher at 1.3113 as risk aversion remain high.
Uncertainty over the Greek bonds swap and global growth fears are a few of the contributors. Lingering fears that Portugal and Ireland may need further official funding plus mummers of Dutch pull-out from the euro (emanating from a minority party) are additional points of concern today.
The next focus for the market will be an Obama press conference in about 10 minutes.
