Europe Day Ahead: Rajoy, Monti, Hollande meet Friday
Thursday, October 04, 2012 - 02:37
Oct. 4 - The leaders of Spain, France and Italy will meet on the sidelines of a summit in Malta to discuss ways to help Spain, says Italian prime minister Mario Monti's office.
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I look ahead to Friday coming up first the headlines in the eurozone may help Spain by providing insurance to bond investors. It's a European sources scheme would lead to the Euro zone's new permanent rescue -- Guaranteeing the first twenty to 30% of each new bond issued -- Spain. To central banks kept rates on hold the Bank of England kept its interest rate half percent to -- bond buying plan on changed. And shortly off to the ECB held its key refinancing rates at a record low of three quarters of 1% this. These CB news conference marriage right he repeated the Euro is irreversible and -- Clare Ireland tees could be continued for as long as it took. As long as applying countries -- conditions. Turning out of Friday leaders of Spain France and Italy will be meeting on the sidelines of a summit in multi says -- -- office. Sources close of the -- to save the free leaders will discuss ways to help Spain fix its finances. Spain Hamas for a bailout -- yet anyway but sassy new Euro zone sources say it's close to doing so well that Germany has signaled. It should hold off earlier we spoke with the head of global sovereign ratings at Fitch. He says the raising the agency is not anticipating a further negative rating action on Spain in the near term. So we also what would change. The biggest threat. From a perspective to Spain's investment great status is actually that the recession there intensifies and not you know -- into. -- secured credit concerns about -- quality as well about as well as this opens the of the and by mistake. On the data front US nonfarm payrolls expects to -- jobs but still sluggish feeling a potential blow to Barack Obama. As he seeks reelection economists polled by Reuters expect payrolls were brought in by 113. Thousand in September. Up from 96000. In August. Also -- count the latest reading on German industrial orders and Spanish industrial output for all this. I finally. Double 07 trades his martini for a bottle of Heineken and the latest bond films stifled. A film. -- product placement. Tomorrow is also global bond James Bond day tomorrow fifty years since the world premiere of -- don't know. Which first -- in Fleming's suave secret agent to the masses documentary everything or nothing. Will be released in theaters Friday. That's a look ahead to Friday -- problems is experts.
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