European shares were seen mixed on Thursday, as investors take a breather after a brisk two-day rally, bracing for further debt auctions in the euro zone as well as interest rate decisions.
Despite denials by the Portuguese Prime Minister Jose Socrates that the country will not be seeking financial aid from the IMF or the European Union, technical discussions are being held ‘quietly’ among European leaders about a possible bailout plan, the Portuguese newspaper Publico reported on its Web site.
Will this be the week that Portugal becomes the latest euro zone country to call in the European Union and the International Monetary Fund to bail it out? The answer to that question will become clear on Wednesday when Lisbon taps the bond market for the first time in 2011.
The Fast Money traders weigh in on whether today's commodity sell-off is a sign of a deflating bubble or a temporary correction.