Mar 18 - Europe rears its ugly head again as nervous U.S. investors focus on how Cyprus deals with its controversial $13 billion bailout.
You're -- rears its ugly head again as nervous US investors focused on the house -- for steals this controversial thirteen billion dollar -- And noon eastern the country's parliament debates whether to tax bank accounts votes and be held afterwards. Ministers in front revise the terms of the Levy after vocal criticism from cypriots and other EU leaders. No we could get more reaction from -- -- ministers following their 2:30 PM conference call. Here's the European debt crisis reigniting the US financials closed near the biggest losers on the SP 500 with a sector following 1%. Still it's not nearly 13% since the start of the and the ongoing drama is likely to feature in the Fed's conversation. When it begins its two day policy meeting what is economics and market center and burns as the tensions. Snipers -- probably strengthen the argument. The Fed Chairman Ben Bernanke will not ease up on the 85 billion dollars a month worth of bond buying that point the latest Reuters poll. Program will likely continue until the beginning of 2014. -- big step to focus on housing starts. I've Faris as they should rise in February and 9101000. As higher rents and low inventories encourage new home building. Your danger digit is anything below 870000. Don't -- builders are feeling less optimistic about how tax hikes were impacting consumers. Expect more pressure on China to investigate and stop cyber attacks when US Treasury Secretary Jack -- heads to Beijing. He said to me with the Chinese political and business leaders in his first international trips and appointment. Last week the US -- for the first time that -- and cyber espionage had overtaken terrorism as the top security threat facing the country. We will also urged Chinese president Gigi -- mean it's accelerating economic reforms would allow the UN to rise further against the dolphins. Follow us on Twitter at Reuters Insider to get more of our great videos at Reuters dot com slash Reuters TV. Think apple is a bargain with the -- 40% below its record highs in the mid September. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I'm Fred Katayama and this is --