Outlook on Euro Zone Remains Cautious: Economist

4:00 AM ET Fri, 20 July 2012

"Companies starting to report don¿t look half bad so I think we temporarily started to look on the bright side of life first but I suspect come next week we will be focusing on Europe again as a reminder that things are still wobbly out there in the real world," Song Seng Wun, regional economist at CIMB Research, told CNBC.