Market participants continue to talk about Wed's 'technically uncovered' German 10-year Bund auction; Japan's Gilt holdings rise to 3 year highs.
Dealers mulling that Germany could shift its resistance to Eurobonds in the near future???
FTSE 100 +0.30% at 5157, DAX +1.3% at 5524, CAC 40 +1.3% at 2857, IBEX 35 +1.2% at 7830, FTSE MIB +1.5% at 14,123, SMI -0.05% at 5383
The failed German bond auction continued to reverberate among investors and market sentiment but European shares opened higher and traded in positive territory for the first time in 9-months. German IFO came better than expected and IFO economists noted that optimism prevailed. The data boosted equities but gains remained timid given that the Eurozone crisis is still very much present in the markets.
Antofagasta [ANTO.UK] gained despite reporting weaker results than last year. Production however had increased. Vossloh [VOS.GE] also rose following reports that Investor Thiele had raised its stake in company to 25% from 17%. Meanwhile financial press reported that Dexia [DEXB.BE] had tapped into emergency liquidity via the Belgium Central Bank and in other countries where it has its units such as Spain, Italy and France.
Dealers mulling that Germany could shift its resistance to Eurobonds in the near future???
FTSE 100 +0.30% at 5157, DAX +1.3% at 5524, CAC 40 +1.3% at 2857, IBEX 35 +1.2% at 7830, FTSE MIB +1.5% at 14,123, SMI -0.05% at 5383
The failed German bond auction continued to reverberate among investors and market sentiment but European shares opened higher and traded in positive territory for the first time in 9-months. German IFO came better than expected and IFO economists noted that optimism prevailed. The data boosted equities but gains remained timid given that the Eurozone crisis is still very much present in the markets.
Antofagasta [ANTO.UK] gained despite reporting weaker results than last year. Production however had increased. Vossloh [VOS.GE] also rose following reports that Investor Thiele had raised its stake in company to 25% from 17%. Meanwhile financial press reported that Dexia [DEXB.BE] had tapped into emergency liquidity via the Belgium Central Bank and in other countries where it has its units such as Spain, Italy and France.