Essentially Citigroup is contesting a decision made by Mr Bondi to exclude it from the list of Parmalat's creditors, a step that would, if upheld, keep the bank out of a future debt-for-equity swap prior to Parmalat's re-flotation on the stockmarket.

ECONOMIST: Parmalat

So you keep saving and try to pay down the credit-card debt out of what's left over.

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Traders will continue to keep a keen eye out for any fresh developments coming out of Europe, regarding the debt crisis.

FORBES: Comex Gold Firmer; U.S. Jobs Report Awaited

The sovereign debt crisis in Europe has provided enough systemic risk to keep money out of higher beta emerging market equities and in bonds or cash.

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