Sounds like GM has outsourced the Opel negotiations to the German economy ministry. Bids from Fiat and others need to be improved, the minister says while insolvency for the group remains an option. GM itself has athis week to finalize its restructuring or face bankruptcy. The US government has shoveled $19.4 bln into GM thus far and could be on the hook for billions more.
S&P futures are nearing support again as Case-Shiller and North Korea undermine the resumption of risk-taking seen in recent weeks. EUR/USD’s rebound has stalled, now at 1.3910.