The European indices decline. Yesterday’s meeting of Eurogroup was marked by very timid advances towards an understanding between Greece and its European partners. Even with regard to the meeting statement did not prevail an agreement, since Greece intended to be mentioned a breakthrough in the talks, while other countries only recognized the existence of a more constructive atmosphere, prompting again for what remains. Tomorrow is the next event, the ECB decision regarding the liquidity lines available to Greek banks. In recent days there were some rumors, that last week, when the government bonds suffered sharp losses, the ECB began to aggressively buy European debt, avoiding a more serious situation. From last week’s bond markets performance we can point out two observations. The first, already known, is that the ECB functions as a network protection for European debt markets. The second, more worrying is the fall that European bonds have suffered denotes the risks that arise when an investment becomes too popular. In sectoral terms, the decision of China’s central bank to reduce interest rates and the appreciation of the dollar over the past two sessions should continue to ensure overperformance to the mining sector.