The Latest Market News

Spain yields back above 7%

Posted by:  |  Time: 8:09 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

Spain held an auction yesterday and the results have highlighted the problems that exist in the Eurozone which are not fixed. Spain cannot go forward funding at thses rates. So although the market is fairly quiet the crisis will return with a vengeance soon. We might get through the summer untill September but that is the best that can be expected.

Today we  have the Euro zone leaders agreeing the Spanish bank bailout. Don’t expect any ground breaking news from that. The question is whether the recent rally on stocks will correct. We tried that yesterday but the market recovered.

Levels today are:- Euro 1.2325  1.2225   on the S&P 1375  1365  Might be quiet let’s hope not. A bounce on the press release this morning might be the best sell opportunity.



Comments are closed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close