- The Big Picture - http://www.ritholtz.com/blog -

Weekly Eurozone Watch – Euro(con)fusion

Posted By Global Macro Monitor On March 23, 2013 @ 4:00 am In Markets,Think Tank | Comments Disabled

 

Eurozone Image [1]

 

Key Data Points
German 10-year Bund 8 bps lower;
France 3 bps wider to the Bund;
Belgium 5 bps wider;
Ireland 15 bps wider;
Italy unchanged;
Spain 2 bps wider;
Portugal 14 bp wider;
Greece 114 bps wider;

Large Eurozone banks weekly change,  -0.67 to -8.64 percent;
Euro$ down,  -0.67 percent.

Comments

  • Cyprus continues to work on a set of measures acceptable to the EU that will allow the opening of its banks on Tuesday.  Capital controls are widely anticipated.   Uncertainty remains high – Guardian [2]
  • President Giorgio Napolitano asked center-left leader Pier Luigi Bersani on Friday to assess whether he can win enough support in Italy’s divided parliament to form a government and end the political deadlock left by elections last month.Reuters [3]
  • The flash PMI data suggest that the Eurozone  business environment deteriorated at a quickening rate in March…France saw the steepest downturn in business activity since March 2009…Germany showed worrying signs of growth fading in March. -Markit [4]

 

Mar22_EZ PMI [5]*************************************************************************************

There will be painful aspects but the country must be saved.
- Nicos Anastasiades [6], President of Cyprus

*************************************************************************************

WEZ_Spread_Week [7]WEZ_Bank_Week [8]WEZ_Spread_YTD [9]WEZ_Bank_YTD [10]WEZ_Yields [11]WEZ_Stock_Indices [12]WEZ_Euro_FX [13]

 

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

 

 


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

URL to article: http://www.ritholtz.com/blog/2013/03/weekly-eurozone-watch-euroconfusion/

URLs in this post:

[1] Image: http://macromon.wordpress.com/2013/03/15/weekly-eurozone-watch-31/eurozone-image/

[2] Guardian: http://www.guardian.co.uk/business/2013/mar/22/eurozone-crisis-cyprus-bailout-russia-vote

[3] Reuters: http://www.reuters.com/article/2013/03/22/us-italy-vote-idUSBRE92L0IG20130322

[4] Markit: http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=10860#page=1&zoom=125,0,842

[5] Image: http://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/mar22_ez-pmi/

[6] Nicos Anastasiades: http://www.guardian.co.uk/world/2013/mar/22/cyprus-must-be-saved-says-president

[7] Image: http://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/wez_spread_week-17/

[8] Image: http://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/wez_bank_week-19/

[9] Image: http://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/wez_spread_ytd-18/

[10] Image: http://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/wez_bank_ytd-19/

[11] Image: http://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/wez_yields-16/

[12] Image: http://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/wez_stock_indices-3/

[13] Image: http://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/wez_euro_fx-3/

[14] here: https://macromon.wordpress.com/2013/03/22/weekly-eurozone-watch-euroconfusion/

Copyright © 2008 The Big Picture. All rights reserved.