Key Data Points
German 10-year Bund 5 bps higher;
France 4 bps tighter to the Bund;
Ireland 3 bps wider;
Italy 3 bps wider;
Spain 12 bps tighter;
Portugal 52 bp tighter;
Greece 149 bps tighter;
Large Eurozone banks up -5.0 to 3.5 percent higher;
Euro$ up 1.75 percent.
- Portugal, and Greece 10-year yields at lowest weekly close of the year;
- Fitch has affirmed France’s AAA credit rating (with a negative outlook);
- European Council meeting ‘verbal commitments’ rather than ‘concrete decisions’;
- Merkel and Holland have conflicting visions reforming Europe’s economic management;
- Eurozone overall private sector PMI at 47.3, 9-month high;
- German manufacturing PMI fell to 46.3 and France, basically unchanged, at 44.5;
- Mario Monti, refused to comment on his future plans.
France does not determine its economic policy according to credit rating agencies, it does it according to what is right for France. - Francois Hollande
(click here if charts are not observable)
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.