Left directionless after Greek leaders failed to come together and put up a bailout package, European markets may be seen opening lower in trade today.
Even though the risk-on sentiment continues, signs of volatility picking up are growing. Markets are now taking cues from positive economic numbers from the US and negative newsflow emerging from the Euro region.
Bruno Verstrate of Nautilus Invest tells CNBC-TV18 that the green seen across the screen is not due to investors betting on a resolution on Greek debt.
The ECB will be holding its monthly policy meet tomorrow ahead of the next three-year LTRO (long-term refinancing operation) at the end of the month. While Greece might take its own time to reach an amicable debt deal, Verstrate says investors should not overestimate the impact of this liquidity on bond markets.
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