SCOREBOARD: European poise

European markets rallied overnight following Angela Merkel's strong show of support for Greece.

After another strong session in Europe – the Dax up 1.1 per cent and the CaC up 0.9 per cent (with the UK closed for a public holiday), US stocks closed basically flat and the session was pretty dull. So the S&P finished 0.05 per cent lower (1410, 6 point range), the Dow was 0.25 per cent lower (13124), while the Nasdaq was up 0.02 per cent (3070). For the US, there wasn’t really a lot of news.

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