News Headline Summary

Equity markets in Europe continue to edge higher, as market participants remain hopeful on a resolution to Greek debt crisis after the country raised enough funds yesterday to meet maturing obligations

Analysis details (03:55)

- EUR/USD near highs and in close proximity to intraday option expiry level at 1.2750. GBP/USD also on highs, looking to make a test on 1.5900 to the upside.
- IT/GE and SP/GE 10s tighter by 8bps.
- It was also reported overnight that Greek banks are to keep receiving the same amount of emergency central bank aid (ELA) despite a reduction in the amount of T-bills they can offer in exchange, to EUR 3.5bln from EUR 7bln. The source added that banks' ABS has increased in value enough to make up the difference.

14 Nov 2012 - 03:46 - - Source: RANsquawk

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