FX

FX open: Relative calm ahead of US jobs data

By Francisco Miñana

Date: Friday 04 May 2012

  • Glossary
  • Basis point: One-hundredth of a percentage point
  • Risk premium: Difference between the yield on a nation's benchmark 10-year bond and the yield on the German equivalent bond

Europe's main equity benchmark indices showing an average loss of one-fifth of a percentage point in early trading, ahead of today's eagerly awaited US non-farm payrolls data.

In the bond markets, the German bund remains strong with a low yield of 1.61%. The US 10-year Treasury is also...

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