Date: Friday 15 Jun 2012
-Spanish 10 year yields down 4bp to 6.87%
-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: 0.98%
Ibex 35: 0.34%
Most European equity benchmarks finished the day with large gains, although with exceptions such as in Spain. That despite a barrage of slightly weaker than expected economic data out Stateside this afternoon, not to mention this next Sunday’s elections in Greece.
Helping to buttress sentiment were 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 was to be seen in the following industrial groups: construction (2.72%), basic resources (2.41%) and oil (2.17%).
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