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EU Market Update TRADETHENEWS.COM STAFF
EU Commisison said to consider an extension to France on deficit; Markets quiet for long holiday weekend   
Fri, 18 Apr 05:17 AM EST/10:17 AM GMT
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Notes/Observations
- European price action non-existent due to holiday conditions
- (FR) EU Commission willing to consider an extension of up to two years for France to reduce its deficit to below 3% of GDP - French press
- Samsung Electronics partners with Globalfoundries, to use the same production process when they upgrade chip manufacturing, making them "the same" for companies like Apple looking to use their production abilities - financial press
- (IT) Italy looking at ways to reduce energy costs for small and medium sized companies - Italian press
- (GR) German Fin Min Schaeuble encourages Greece to stick to its reforms - Greek press

Equities
- Major equity markets across Europe including Germany, UK, France, Spain, Italy, and Switzerland were closed for the Good Friday holiday. Russia is only on major European market open today. The MICEX index is higher by 2.3%, its biggest gain since March 26th, after four-party talks on Ukraine issued a joint statement calling for a de-escalation of the situation and curbs to the violence. Vimpelcom and Global Telecom signed a purchase agreement for the sale of Global Telecom's 51% interest in Orascom Telecom Algerie SpA to Fonds National d'Investissement. US markets will be closed as well for Good Friday, reopening on Monday. European markets will be closed on Easter Monday and will resume trading on Tuesday, April 22nd. ...
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