IIFT Daily Note with Peter Brown

A week of auctions

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The market is preparing for a week of bond auctions. Germany, France, Spain , Italy and Greece all go to the markets this week. Is their demand for that much European debt? we will find out. Euro should stay under pressure and selling on any rally is working nicely.

Friday,s n0on farm payroll were good, however the Europen situation prevented the S&P from making new highs. Market is holding up very well although 1280 seems a bit of a top for the time being.

Brian Noble back from holidays today, looking forward to his views. Easy money is still to sell the Euro.

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