Reuters - Video

EDITION: U.S. | U.K. | IN

Business

Market Pulse: Europe in good news day shock

Wednesday, December 12, 2012 - 03:54

Dec. 13 - A banking union deal, more aid for Greece, and successful bond sales in Italy and Spain – Europe enjoys a rare good news day.

▲ Hide Transcript

View Transcript

A deal on -- -- union that even the -- can live with. Greece gets the green light for his latest -- and quickly in Spain -- strong demand and falling yields the bond sales. Who says the eurozone economy progress. I'm dignity diva and this is today's market pulse let's get straight time out to pizza -- thick head of -- -- strategy at RBC capital markets. Pizza I'm pretty good options -- between Spain and decent demands and then you as look as a societal things to come for 2013. Probably yes I mean we've seen who then I think we have welfare shale. Things to deal with this is so I think we can collect. Quite comfortably. Look ahead for the next couple weeks since then that's probably get them in mind you there's always a little bit of pollution activity between Christmas and new year particularly -- today. But usually these go well and that should be any different this time around either. Are you up by out of its late on Spain. It depends a little bit what kind of timeframe you look -- in general I would say on -- both we. It fairly constructive on the peripherals and general in Italy and Spain from Denton also -- at the back end. If you ask me about more near term I mean there's so did the elections and -- definitely -- -- one of the middle it. And the elections and it became course quite a bit of editorialists say in the Italian market level -- first -- -- it to be at the moment of ammonia term basis but in general yes so -- So what's a good -- the yield levels unspent targets we should be looking up. Well look I mean at the -- -- area I think both can trade all the way back down to us that 2% may be -- bill that -- particularly appealing full Spain. But particularly if you look at the bullets them the full what's -- way above that because that -- is quite enormous as you know with the F funding rates essentially at zero. So nothing to ascend is a good target but even that would remain carried -- a and at the long and I think it's and he can't write down intent is down to 4% to. They can -- How can that as I mentioned eventually did say today it's against the approval for its next consummate. If -- is off the Madoff and Ireland Italy Spain appear to be in relatively good shape them. -- will want to public about. Well let's hope that -- we don't have anything to panic about for the time being I mean there will be. And an -- uncertainty on the agenda that will markets at some stage freak out a little bit about. Pesetas the redemption -- -- -- old days the Italian elections they drawn immediately get the Italian the German elections in all these events. Any meaningful. But nothing that's the crucial thing. We should be past the point off panic for your area overall and then as a major achievement and that makes me more comfortable been in these -- is indeed. Passed upon the comic -- -- pizza thank you very much the US dollar bonds -- from initial losses after yesterday's announcement afresh QB by the fact. But despite spending -- eight to five billion dollars a month of us it puts -- most finalists are betting on renewed downward pressure for the greenback. Technical analyst at ING among those to say that long term the long term downtrend remains in place the dollar index. But the price is well below the fifty and 200 day moving averages. They see what's that takes the shot tumbles at 7957. A break of that level would clear the way for a test of long term support -- 7870. The prospect of -- should we not doing much for you to Pete shares I don't benchmark indices -- today a classic case of by the amount so the fact. Investors also affecting over the so called US fiscal cliff. Cassel must another but telling us everything at this time to look at the markets and why. Jamie gave up this -- --

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Market Pulse: Europe in good news day shock

Wednesday, December 12, 2012 - 03:54

Top News »

Most Popular »

Investing 201 »

Bond investors brace for the end of Fed stimulus Bond investors brace for the end of Fed...

Fri, Oct 10, 2014 - (4:03)

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

Money Clip »

Will Apple Pay transform mobile payments? Will Apple Pay transform mobile payments?

Thu, Oct 16, 2014 - (2:45)

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, Oct 20, 2014 - (1:08)

Images of September Images of September

Wed, Oct 01, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)