Europe Day Ahead: bonds & Berlusconi. Italy's double trouble
Wednesday, July 10, 2013 - 02:08
July 10 - A bond sale is Italy’s next test as the coalition wobbles and a rating downgrade sends yields higher. Meanwhile, finance ministers and central bankers take to the stump.
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It's city takes center stage again is you Bridget says -- away. The worries today a big jump in short term borrowing costs -- to yesterday's sovereign downgrade. And a -- cause of coalition told by the cautious of by the skinny. The former prime messed up protesting against -- to -- traffic court ruling that would banning him from office with. Another big test tomorrow with a sale of medium to long term bonds due to take place. NASA is taking -- yields today continued upward climb now standing on -- hundred basis points up on the he -- days. -- since I -- rate strategist bill Tyson says there's no panic and basically just yet. Could get a little bit of yields confession going into it and I think that yield -- so -- should be limited investors' concerns half contained for now. But I think a longer term given the still structural and fundamental issues have not been addressed in the Italian economy. -- the -- Growth outlook means that fact. Longer term I think we're gonna see real -- pressures in the ball market and I think investors' concerns are going to be on an upward trend. On the economic calendar tomorrow -- CPI number is expected to -- lining up only a month in June. Greek jobless big hassle since you likely to make grim reading the unemployment rate currently standing at 26 point 8%. -- -- policymakers is Alison about making speeches to watch have full. ECB governing council member -- bites and talking on financials about to see any currency union. The Munich speech likely to be stricter eyes for clues just bullets on banking union. On the same subject slightly to crop up when French finance minister PM Moscow beat she speaks at the international financial forum in Paris. Bank of England policy -- David miles also speaking. Comments on what happens an interest rates start to rise the focus of that speaks and acts are looking ahead to -- -- -- market moving events I'm patenting all this has choices.
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