Weekly Eurozone Watch

 

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 hits 40-month low;
Spain’s unemployment rate hits record high, over 25%;
German consumer confidence at five-year high;
Standard & Poor’s downgraded BNP Paribas and changed the outlook to negative for several French banks, including Société Générale 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, Italy’s former prime minister, sentenced to four years in prison;
Source:  FT & Guardian

(click here if charts are not observable)

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under

Uncategorized