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Minyanville's T3 Morning Market Call: Futures Shrug Off Italian PM Monti's Resignation
Italy seems to be the source of most headlines as Italian Prime Minister Mario Monti confirmed he would be resigning from his post. It’s not the biggest surprise but the media will beat up this story and put Europe back in view for a bit. The next European leaders’ summit is 12/13-12/14 so look out for that. Today futures are bit softer but nothing extreme—we’re down 2-4 handles as markets continue to take some of these headlines in stride. There are some micro resistance points at 1423 and then 1435.  It does seem like this lethargic targeted trade will ...
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