Date: Friday 15 Jun 2012
-Spanish 10 year yields down 7bp to 6.84%
-Moody’s downgrades 5 Dutch banks
-Draghi (ECB) says no inflation risk in any Eurozone country
-Takeshi Fujimaki sees Japan default by 2017-Bbg
-Banks deposit €699bn overnight at ECB
-Shirakawa (BoJ) not aware of reports of co-ordinated action
Stoxx 600: 0.60%
Ibex 35: 1.73%
The main European equity benchmarks are now rising by 0.5% on average. That ahead of a barrage of economic data expected out Stateside this afternoon, not to mention this next Sunday’s elections in Greece.
Helping to buttress sentiment are reports in Reuters, citing G20 officials, to the effect that the world’s central banks are ready to step in to help boost liquidity in financial markets if necessary.
From a sector stand-point the best performance is now to be seen in the following industrial groups: automobiles (1.83%), insurance (1.51%) and banks (1.51%).
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