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Europe Day Ahead: No relief from euro zone bank worries

Tuesday, May 29, 2012 - 01:59

May 29 - The euro zone's ailing lenders stay firmly in the spotlight as Greek banks prepare to report earnings and Spain looks set to issue new debt to fund its own struggling banks.

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The banking crisis in Spain continues to cast a shadow over European markets stocks recover some of the recent losses but buying shares fall. On Madrid's -- index hit some nine your lol yeah. Spain unlikely to escape the markets microscopic attention anytime soon. Re capitalizing is buying this ensuring its regions don't go bankrupt. And dropping with historically high borrowing costs the pressure is on the spot his government and its intense. The strain on spotted sovereign debt will only -- to pressure for some kind of eurobond. HSBC's global head of the senate says people on the coming just not yet. We need a couple of -- -- fund we need ice pan European solution. To the -- -- problem. So you're headphones is hotter -- solution it's just the whole solution. And the fact that my stuff with. You -- that you wrote in -- -- so much but but you're T bills into the woods that the more liquid short end of the coup of 98 be the easiest thing to produce those. This is banks -- in the spotlight tomorrow to with Cummings -- from all the big names. The numbers come off to -- said -- this week that it had pounded out eighteen billion euros to its fourth biggest when those. The government hopes about below let the banks to -- access to ECB funding. Also tomorrow actually sells up to six -- quotes a billion euros of bonds five and ten year paper on the block. This follows today's sale of six month bills which will cut to pay over 2% thought. On the data front a string of your Muslim sentiment indicators from Maine is expected to shoulder I would is -- Washington think. While money supply growth in April will likely pick up slightly. And -- cape lookout for falls of vehicles mortgage lending and consumer credit but a tiny rise in mortgage approvals. The last also -- and I'm I'm -- to give up this this sort of.

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Europe Day Ahead: No relief from euro zone bank worries

Tuesday, May 29, 2012 - 01:59