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European Debt Markets Stall Rally Again

|Includes: BHP Billiton Limited (BHP), FXI, RIO

Once again, the major stock indexes are coming under early selling pressure before the opening bell. The S&P 500 Index e-mini futures (ES U1) are trading lower by 16.00 points to 1182.50 per contract. The problems out of the European Union seem to be growing by the minute. This afternoon, a press conference will be held between France and Germany regarding the creation of Euro bonds to help bailout the troubled European Union. This press conference will be a market moving event and is scheduled to take place around 12:30 EST.