News Headline Summary

European equity cash bourses trade within a tight range following solid gains in early trade after Chinese flash manufacturing PMI came in above 50 overnight...

Update details:

... EuroStoxx is up 0.5% and out-performance notable in the Spanish IBEX35 following a well received Spanish auction which showed a small decline in borrowing costs. The increase in appetite for Spanish paper, lifting the Spanish cash markets, is evident in the Spanish 10y yield spread about its German counterparts, now tighter on the day by 5.8bps, and the yield at session lows of 5.66%.

Print 11:08, 22 Nov 2012 - Market Analysis - Source: RANsquawk