News Headline Summary
Risk averse sentiment continues to gather momentum, with markets digesting latest market talk of source comments suggesting that Spain is unlikely to seek ESM aid this year
- Spanish 10s yield back to highest level of the session at 5.715% and SP/GE 10s spread wider by 3bps.
- Spain due to conduct EUR 4.5bln debt sale today.
-EUR/USD prints fresh session low 1.2733, 2-month low.
‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.
09:31, 08 Nov 2012 -
10:29, 08 Nov 2012
Spanish/German 10y bond yield spread continues to wide, now seen wider by 15bps at 445bps mark - widest level since early October
10:13, 08 Nov 2012
Technical resistance in USD index seen at the 100DMA line at 81.25, trades 80.98 - highest since early September
12:20, 07 Nov 2012
Combination of profit-taking and risk-event pre-positioning flows (ECB, Greek vote and BoE) continues to erode the positive sentiment that was prevalent during the opening stages of the session in Europe
09:09, 06 Nov 2012
Less than impressive Services PMIs from the Eurozone continues to weigh on EUR/USD, which despite bouncing off earlier lows, sits lower by 20 pips and in close proximity to a touted barrier level of 1.2750
07:23, 06 Nov 2012
EUR under-pressure in early trade, with bond yield spreads wider, as market participants react to the latest reports that the EU believes that Spain's GDP will contract more than govt forecasts
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2130 London time
Teams of analysts covering equities, fixed income, FX and energy markets
Real-time scrolling news service
Daily and weekly pre-market research and calendars
Intra-day market update videos
Daily technical analysis