TSXV:AAA.P - Post by User
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Lateniteon Mar 30, 2012 2:00am
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FTSE, DAX, CAC Seen Rising After 3 Days of Losses
FTSE, DAX, CAC Seen Rising After 3 Days of Losses European shares are expected to open higher Friday, regaining ground lost after a big selloff on Thursday that was sparked by worries that Spain’s financial situation could flare into another Greece-style crisis.
A Eurogroup meeting taking place in Copenhagen today is likely to be dominated by the issue of how large to make the Europe’s financial “firewall,” the rescue fund designed to prevent the debt crisis from spreading.
German Finance Minister Wolfgang Schaeuble has said that the euro zone should not commit more than 800 billion euros to the combined fund, but a Reuters report on Friday indicated that euro zone finance ministers will raise the firepower of the region's two bailout funds to as much as 940 billion euros.