Markets have opened to the downside this morning after Friday's surprise rally. Europe is struggling trying to reconcile France and their budget deficits which are outside of the Eurozone limits. Brazil is in the spotlight with its markets plummeting after an election result that is seen as anti-business. Energy is once again in the news with oil prices falling below $80 per barrel. There is concern that if the price of oil falls much further it will stifle the booming oil fracking business in the US. This week will likely mark the end of QE3, the bond buying program of the Federal Reserve Bank. The end has been well communicated so if should have minimal impact on markets. Markets might be looking to pullback after last week's spectacular rally.
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