no surprise in the market reaction today, obviously an ordinary day but certainly no where near as bad as the media is reporting it.
as for tonight, i'm not really that worried about tonight in the scheme of this week playing out, the only headlines are likely to come out of the Draghi/Merkel summit the market is expecting nothing so if anything it can only be a positive surprise.
it is later in the week when things heat up with rate decisions by RBA/ECB/BOE and a Bernanke speech, also Spanish Bond auction.
if I had to guess (news permitting), we will see an initial technical based selldown in the US and then bounce waiting for bigger news later in the week.
