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Europe Day Ahead: Spain's bond relief short-lived?

Thursday, September 20, 2012 - 02:15

Sept. 20 - Spain's borrowing costs ease at auction, but the relief might not last long. That's as Prime Minister Rajoy heads to Rome to meet his Italian, Irish and Greek counterparts.

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Spain's ten year borrowing costs both of their lowest level since January with today's bond auction and -- with -- relative ease. But the release -- -- lost -- Spanish prime minister -- were -- continues to dip there over whether to seek bailouts. He's inherently. Fool you because he's he's fast. It is she's she's well enough. It is true. Euro zone leaders meeting in Rome tomorrow -- debate whether rock points should stop stalling and seek a bailout. -- -- -- prime minister leads the discussions with his Spanish Greek and Irish counterparts. Barclays revising down his 2013 -- full cost of Spain on Thursday to minus one point 8% below consensus. The bank science delays to austerity implementation. And a weak economic environment that you underpinned by disappointing PMI figures out today. The downtime and activity in the Euro zone's service sector steepen this month. But the fastest pace since July 09. Increased transport workers down tools Thursday to protest against wage cuts and fare hikes. The strike -- course huge traffic buildups in the capital happens. Next week public sector workers will take to the streets on the 26 for a general strike. As the Greek government presents its latest round of austerity measures to parliament. In the days -- public sector net borrowing figures use tomorrow are likely to pile more pressure on chancellor George Osborne. A Reuters poll predicts the government would have had to borrow fifteen billion pounds in August a month typical for a wind gap between revenue and expenditure. -- well these markets will continue to watch developments in the Middle East as the international atomic energy agency annual meeting in Vienna wraps up Friday. A week of contentious negotiations sort group -- pressure on Iran. -- suspected Assam -- such. That's -- -- -- crisis on the inside a platform on Reuters dot com pool full count former Fed Chairman also whether the Central Bank. That's too much power. And I suppose this is.

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Europe Day Ahead: Spain's bond relief short-lived?

Thursday, September 20, 2012 - 02:15