In Europe, closed a couple of hours ago London's FETE 100 without 26 points, the Tax was also up. In the US trading comes to a close shortly and the Dow Jones is down 65 points, the S&P 500 is up 5 points. And the Australian dollar is worth nearly 1 dollar and 4 cents US this morning, it can also buy nearly 65 British pence and  1.27 Newzealand. 

The Spanish government has announced 35 billion dollars was off cuts in the measure austerity push. Among the measures including the country's budget incredited in the country's budget, a freezing public salaries and increasing taxes for large companies. Spain's unemployment rate is the highest in the EU and the deputy prime minister says the country is in an extreme situation. 

Meanwhile the 17 eurozone countries will pull up, put up 640 billion dollars in fresh money to help countries with debt troubles. The funding was confirmed at a meeting of eurozone finance ministers in Denmark. Eurozone now possesses a one trillion dollar financial firewood that could help put to end its two year old debt crisis. It's unlucky, however, to come to sense large countries like Spain or Italy would collapse deeply running into trouble.