IIFT Daily Note with Peter Brown

Spanish bond auction

Posted by:  |  Time: 8:10 am  |  Topic:
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Results due at around 9.40am. Market talk of it going ok, has driven up the S&P since opening.

We are swinging from bear to bull on these markets daily. That said today should be an up day. Certainly looks bid this morning.

Proof will be the reaction after the auction, I will go with that move.

Levels are 1379 to 1389 on the S&P  and Eur/Usd 1.3050  1.3180  Gold  1635   1660

Watch the Ibex and Mib closely for direction

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