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European Close: Auction to bring Italy under scrutiny

Wednesday, April 11, 2012 - 01:59

April 11 - As euro zone debt worries mount again, Italy faces a fresh test of investor sentiment with an auction of benchmark bonds.

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It's -- come off to the storm stocks recover some of yesterday's big losses for the press trauma eurozone periphery. Is relentless and even Germany sees a technical -- yet but its own bond auction Spain and Italy now the big concern for investors and many are skating. Whether things that will get worse before they get -- -- I think -- need the austerity packages that are coming through it well and clearly dumping growth. Only to be very prolonged time austerity and a number of these European economies. It's difficult to see who likes of speed and particularly Portugal. -- stymied -- -- enjoying them in the near the sort of economic. -- looks at me out a few years ago so I think that we're in for a protracted time period all -- Difficult economic times in much of Europe. Tomorrow's Italian boat notional closely watched than ever are off to today same short -- ABC's yields double from the previous auction. Up to five billion euros of BTPs on the Brock and analysts say the only question is how much high yields -- On the economic front tomorrow UK trade numbers -- for signs of an export led recovery analysts not hopeful vote. The trade balance full cost that it furtherance of the -- seven point seven billion pounds and Euro -- industrial production numbers man to the daily production full cost. That's turned negative. On the month in February according to economists polled by Royces. Roche the big names and account for European earnings first quarter sales -- -- at eleven billion Swiss francs. Shoreline is now on the company's hostile bid so Illumina -- pressing ahead. -- offer its initial offer of six point seven billion dollars was rejected. They sort in the states keep and I -- numbers from Google as the US earnings season gets into full swing. That is all from us for now but you'd end of this sign -- stage for a preview of the trade Baghdad IMAX liberal voices runs and.

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European Close: Auction to bring Italy under scrutiny

Wednesday, April 11, 2012 - 01:59