Ten-year Italian bond yields fell 13 basis points to 6.86 percent after losing as much as 25 points. Similar-maturity Spanish yields dropped 25 basis points to 5.09 percent. The yen climbed against 11 of its 16 most-active peers and advanced 0.4 percent versus the euro at 8:44 a.m. in New York. The euro fluctuated versus the dollar. The Stoxx Europe 600 Index (MXEF) rose 0.5 percent and Standard & Poor’s 500 Index futures added 0.2 percent. Gold for immediate delivery fell for a second day.
Italy sold the 179-day bills at a rate of 3.251 percent, down from 6.504 percent at the last auction on Nov. 25. Demand was 1.7 times the amount offered, compared with 1.47 times last month. Economic reports showed Japan’s industrial output dropped and confidence among South Korean manufacturers sank to a 30- month low. The U.K. faces the “toughest” employment market in two decades, the Chartered Institute of Personnel and Development said.
“Italy was able to halve the rates from the previous auction,” said David Schnautz, a fixed-income strategist at Commerzbank AG in London. “The next stop is tomorrow’s bond auction and today’s result is a good omen for that. It should be comforting for the market.”
Italy will seek to sell bonds maturing in 2014, 2018, 2021 and 2022 tomorrow. The nation’s 10-year bond yields climbed to 7 percent yesterday, the level that spurred Greece, Ireland and Portugal to seek bailouts. A report tomorrow may show Italian business confidence dipped to the lowest in almost two years. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
European Stocks market
- Stoxx Europe 600 index Forecast 2013
- European Stock Market Forecast 2013
- European stock market and Italian bonds down dec 11 2012
- Europe stock markets advanced october 17 2012
- European stock market will open down october 12 2012
- Mario Draghi ECB Press Conference october 4 2012
- European stock markets higher october 2 2012
- european stock futures down october 1 2012
- European stock market rose september 28 2012
- impact protests in Greece and Spanish on stock market
- Effect Spanish recession on stock market
- European stock market drop 9-26-2012
- European Stock markets september 21 2012
- European stock markets 9/18/2012
- European stock markets lower september 17 2012
- European stock futures down 9/10/2012
- German constitutional court decision prediction
- Euro govt Bonds fall before ECB meeting 9/6/2012
- European stock markets sept 6 2012
- European Stock markets rose september 3 2012
- Eurozone Purchasing Managers PMI report 3 september 2012
- ECB President Mario Draghi will speech at Brussels sept 3 2012
- Europe economic forecast September 2012
- European stocks market august 31 2012
- Expectations ECB will bond buying plan
No comments:
Post a Comment