Key Data Points
German 10-year Bund 3 bps higher;
France 1 bps tighter to the Bund;
Belgium 1 bp wider;
Ireland 4 bps tighter;
Italy 17 bps wider;
Spain 2 bps wider;
Portugal 2 bp wider;
Greece 36 bps wider;
Large Eurozone banks weekly change, -7.0 to 5.0 percent;
Euro$ up 1.50 percent.
Comments
– Eurozone PMI rose to 47.9 from December’s 46.1 – 11-month high;
-The Netherlands nationalised SNS Reaal after a private rescue of the bank and insurance group collapsed;
-France’s manufacturing PMI fell to 42.9 in January, down from 44.6 in December and a 4-month low; –
– Spanish Prime Minister Mariano Rajoy will address the nation on Saturday about corruption allegations.
It’s essential that the next long-term EU budget is devoted to boosting growth, jobs and social cohesion in Europe.
– Mario Monti, Italian Prime Minister
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Global Trend Indicators
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