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Weekly Eurozone Watch

Posted By Global Macro Monitor On October 26, 2012 @ 5:00 pm In Think Tank | Comments Disabled

 

Key Data Points
German 10-year Bund 6 bps lower;
France 10-year 10 bps wider to the Bund;
Italy  19 bps wider;
Spain 28 bps wider;
Belgium 11 bps wider;
Portugal  56 bps wider;
Ireland 6 bps wider;
Greece 93 bps tighter;
Large Eurozone banks down 0-5 percent;
Euro$ down 0.71 percent.

Comments
Eurozone PMI [1] hits 40-month low;
Spain’s unemployment rate [2] hits record high, over 25%;
German consumer confidence at five-year high;
Standard & Poor’s downgraded BNP Paribas [3]and changed the outlook to negative for several French banks, including Société Générale [4] and Crédit Agricole;

The Euro Working Group (EWG) of eurozone finance ministry officials will meet Monday to review the country’s aid package;
Silvio Berlusconi [5], Italy’s former prime minister, sentenced to four years in prison;
Source:  FT [6] & Guardian [7]

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[14](click here [15] if charts are not observable)


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2012/10/weekly-eurozone-watch-4/

URLs in this post:

[1] Eurozone PMI: http://macromon.wordpress.com/2012/10/24/flash-eurozone-pmi-composite-at-45-8-40-month-low/

[2] Spain’s unemployment rate: http://www.guardian.co.uk/business/2012/oct/26/eurozone-crisis-us-gdp-spanish-unemployment

[3] BNP Paribas : http://markets.ft.com/tearsheets/performance.asp?s=fr:BNP

[4] Société Générale: http://markets.ft.com/tearsheets/performance.asp?s=fr:GLE

[5] Silvio Berlusconi: http://www.ft.com/intl/cms/s/0/954f7bfc-1f77-11e2-b2ad-00144feabdc0.html#axzz2AQfB81l0

[6] FT: http://www.ft.com/intl/world/europe

[7] Guardian : http://www.guardian.co.uk/business/2012/oct/26/eurozone-crisis-us-gdp-spanish-unemployment#block-508a5986b5794584b1c14007

[8] Image: http://macromon.wordpress.com/2012/10/26/weekly-eurozone-watch-19/oct26_ez_watch1/

[9] Image: http://macromon.wordpress.com/2012/10/26/weekly-eurozone-watch-19/wezw_spread_week-14/

[10] Image: http://macromon.wordpress.com/2012/10/26/weekly-eurozone-watch-19/wezw_bank_week-13/

[11] Image: http://macromon.wordpress.com/2012/10/26/weekly-eurozone-watch-19/wezw_spread_ytd-16/

[12] Image: http://macromon.wordpress.com/2012/10/26/weekly-eurozone-watch-19/wezw_bank_ytd-16/

[13] Image: http://macromon.wordpress.com/2012/10/26/weekly-eurozone-watch-19/wezw_yields-8/

[14] Image: http://macromon.wordpress.com/2012/10/26/weekly-eurozone-watch-19/wezw_eurofx-18/

[15] here: http://macromon.wordpress.com/2012/10/26/weekly-eurozone-watch-19/

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