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27 Feb 2013
European markets up on EMU confidence and Italy bond auction
The German DAX 30 (+0.09%), the French CAC 40 (+0.58%), the Italian FTSE MIB (0.0%) and the Spanish IBEX 35 (+0.66%) are edging higher on Wednesday as confidence in the Eurozone improves and the Italian 10-year bond auction found better than expected yields, although higher from 4.17% to 4.83%. The 5-year sale also found yield moving up from 2.94% to 3.59%.
The British FTSE 100 rose +0.26%. BoE's Bean said that he is sensible to review UK inflation target. Earlier, annualized UK 2012 Q4 GDP growth was revised higher from 0.0% to +0.3% but the quarterly figure came in at -0.3% as forecasted. Total Business Investment contracted -1.2% (QoQ), easing from 5.4% to 0.4% (YoY).
Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a higher opening by around +0.10% ahead of US Durable Goods, Fed's Bernanke speech and Pending Home Sales.
The British FTSE 100 rose +0.26%. BoE's Bean said that he is sensible to review UK inflation target. Earlier, annualized UK 2012 Q4 GDP growth was revised higher from 0.0% to +0.3% but the quarterly figure came in at -0.3% as forecasted. Total Business Investment contracted -1.2% (QoQ), easing from 5.4% to 0.4% (YoY).
Futures for the American S&P 500, Nasdaq 100 and Dow Jones are signaling a higher opening by around +0.10% ahead of US Durable Goods, Fed's Bernanke speech and Pending Home Sales.