Global markets are getting more nervous.The recent debt crisis in the European zone has sent jitters through global markets and brought volatility back into the markets.
Ireland's bailout details has not yet been finalised and already rumours about Portugal's debt problems are being spread. Portugal need to shrink their deficit from 9.4% to 7.3% this year.
It also looks like Greece is struggling to get their debt under control. But the big fish in the pond is definitely Spain. Spain is the fourth largest economy in the European Union.
If, and this is a big if, Spain needs to be bailed out. Is it too big to get bailed out or is it too big to fail?
The markets are quite stable today, with the US looking to open positive this afternoon after yesterdays' sell off.
Tomorrow is a banking holiday in the US, so we expect markets to be more volatile due to low trading volume.
Safe trading
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