Global market action is posting mixed today. Mixed index trends are observed in
Asia, Europe and in the U.S. The primary Asian indices closed their session
today with the Nikkei in Japan falling into the red, but the Hang Seng in Hong
Kong green along with the Shanghai Composite in China. Halfway through the
European session, primary market indices were trending weaker. Prior to opening
bell this morning in the U.S., stock futures for the Dow Jones Industrial
Average, as well as the Nasdaq and the S&P 500, were posting green across the
board. European leaders have been working on a resolution plan to pull eurozone
countries and institutions out from under the veil of debt default. Investors
have been worried about the resolution plan details as this day approached and
hoped that the details would be sufficient to keep confidence and optimism in
the marketplace above average. The alternative, if the plan was not sufficient,
could be a plunge into a European recession. This action could also be the
catalyst for another U.S. recession. Stock index trends in the U.S. are
obviously vulnerable. Today, European stocks closed green. The DAX in Germany
closed at 6,046.80 and the FTSE 100 finished higher by .19 percent at 5,535.96.
As the mid-day mark in the U.S. approached, the primary stock indices were
mixed. The Nasdaq was red by .08 percent at 11,715.63 and the S&P 500 was red by
.46 percent at 1,223.54. The Dow Jones Industrial Average was red by .08 percent
at 11,715.63. Stocks initially started higher today on investor optimism
centering around positive outcomes via the European summit. Frank Matto
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