The market is waiting now for the Fed's interest rate decision which is widely expected to be unchanged from 0% to 25% again with no mentioning of a close end of the Fed's quantitive easing policy steps which can be extended as long as the fed is still downplaying the inflation upside risks over the long term caring of the labor market and the stability of the housing market and god willing the market will be closely watched the Fed's president press conference after the Fed's meeting for the first time today to know more about the Fed's current evaluation of the economic performance and the inflation pressure and to how long this quantitive easing policy can be held which caused greenback weakness pushing up the energy and commodities prices on this low interest rate in US which is encouraging the investment and from another side lowering the greenback to produce inflation pressure globally to force the ECB to hike the interest rate...

The pressure has got off the single currency after the Finnish prime minister's comments that Finland will not be a reason of failing European rescue plan to Portugal which seem to be necessary currently. The markets have reacted positively to this declaration which eased the worries about funding the recent Portuguese request of funding its debt through the IMF/European Financial Stability Mechanism which is called (EFSM) which has been extended last month by 190 billion euros to be 440 billion recently from 250 billion for aiding European ailing of debts countries  

the European rescue plan to Portugal putting pressure on the European bonds yield after the market worries about the debt contagion in Euro area could contain the market sentiment in the beginning of this week pushing the 10 year yields of the Greek bonds up to 14.4% and also the Portuguese 10 year bonds yields have surged to 9.1% and the Irish 10 year bonds yields have risen to 9.8%

The risk aversion could contain the market sentiment in the beginning of this week on worries about the debt outlook in the Euro area after rumors that there is new preparing request from Greece to restructure its debt while there are market worries about changing of the Finnish government can threat the Portuguese new request for the aid of the bailing out plan which has been underpinned by 190 billion euros to be 440 billion recently from 250 billion for aiding European ailing of debts countries. The 10 year yields of the Greek bonds have risen to 14.4% and also the Portuguese 10 year bonds yields have surged to 9.1% and the Irish 10 year bonds yields have risen to 9.8% while the European equities markets have come under strong pressure dragging the US stocks to open deeply into the negative territory forcing Dow to lose more than 200 points until now as the risk apitite has been already undermined since the PBOC has sent its fourth request of this year to the Chinese banks to exceed their reserved holding of liquidities by .5% for fighting the inflation which has reached in March 5.4% while it has been forecasted to be just 5.1% from 4.9% in January and February after easing in last December to 4.6% from 5.1% in November and Chinese PPI of march to has increased to 7.3% from 7.2% in February which shows continued inflation pressure over the producing level too.

The worries about the inflation are containing the market sentiment currently after the rising of China CPI of march to 5.$% while it was waiting to be 5.1% from 4.9% in January and February after easing in last December to 4.6% from 5.1% in November and Chinese PPI of march to has increased to 7.3% from 7.2% in February which shows continued inflation pressure over the producing level too which can increase the probability of increasing the interest rate by PBOC again after raising it 3 times since the charismas after asking its banks to increase its liquidity reserves 6 times last year for containing the inflation pressure which some of it has resulted from the Fed's adopted quantitive easing policy which is weighing negatively on the greenback....