Germany was slightly under and France was a bit more above. The former being more important and a bit psychological since it's a zero growth story as opposed to a token rise. I think we're all waiting for Tuesday now, but I'm going to be surprised if the EU manage to do anything really positive because it looks like they don't have any good options. Doesn't seem worth getting too involved right now because it all hinges on that Greek decision and where we go from there - recovery or the beginning of something truly ugly.

HMV is strong on volume this morning after Goldman's buy and aggressive 120 target yesterday. GMG is weak this morning so opportunities for a speculative long or pairs trade maybe.

MA25%: EMG-14 BT.A-13 HOC-12 LLOY-11 | SPD+7 RB.+3 SN.+3 EXPN+2 FXPO+2 VOD+1

I'm itching for a short bias but I'll wait until the EU announcement to see how bad things look - will probably hit the financials.

Mr Sarkozy hinted that the eurozone might act if Greece came under sustained market pressure. "We are sending a very clear signal. If there were to be other events then we would have to call another press conference," he said.

EU's lack of detail on Greek rescue leads to confusion

The market quivers in fear at your threat of another press conference, Mr. Sarkozy.

Midday Market Overview

KEEP an EYE

EMG 223.8p +5.6
breaking the 223p should be good to move higher
All Indicators ready for the move forward with MACD on convergence
15 minutes delay chart

End-of-day Market Overview

Have a great weekend all!