Now, the news is that the EU summit will happen on Sunday, and that a follow-up EU summit, probably scheduled for next Wednesday, is in the works. This weekend's gathering may not accomplish as much as hoped, reports the FT. "There will be no agreements (Sunday) ... this will now happen Wednesday at the earliest," says a German official.
Whatever, at least stocks and the euro are rallying a bit on this news.
At 1:15 pm:
Dow -28
Nas -20
S&P -1
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