News Headline Summary
The Italian 10-yr Bund yield spread is now tighter on the day by around 2BPS after opening as wide as 4BPS, following the better Services PMI data so far from the likes of Spain, Ireland and Sweden
Analysis details (09:40)
- The financials sector was heavily weighed in yesterday's session given the investigation into Italian bank Monte Paschi which also had an adverse effect on other banks in Italy. This morning a recovery is being observed in the sector, financials now up 0.57%.
- Next focus point will be on the Italian Services PMI reading for Jan Exp. 45.8 (Prev. 45.6) due at 0843GMT.
05 Feb 2013 - 09:38
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 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts