BOND AUCTIONS TO PROVIDE SUMMIT TEST - Over the weekend, investors have been scrutinising the details of last week's EU summit.
Richard Hunter of Hargreaves Lansdown in London said reaction on Asian markets had been positive so far, but the euro had weakened slightly. He said there were positives from the summit outcome, but also some unanswered questions.
Mr Hunter said the real test would come later in the week, when bond auctions from Italy, Spain and France were planned. He said the deal would take time to implement, and the aim seemed to be to calm markets for the moment.
Asked about British PM David Cameron's decision to opt out of the summit deal, Mr Hunter said it seemed to have been well-received among the public, but there were concerns about the longer-term implications as the euro zone was one of the UK's biggest trading partners.
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CURRENCIES - The euro is trading at just over $1.33 just under 85.5p sterling.
