Date: Monday 02 Jul 2012
-Banks deposit €772.9bn overnight at ECB
-China looking at Spanish assets
-Some analysts want more detail on Europe bail-out
-Chinese and Japanese data slightly better than expected
Stoxx 600: 0.37%
The major European equity benchmarks have begun the first day of the new quarter trading slightly higher, following through on Friday´s advance in risk assets.
That on a week in which the Bank of England is expected to move on monetary policy, with the European Central Bank following in its wake.
Acting as a backdrop, there is a fair bit of commentary this morning regarding the need for European authorities to flesh out the details of last week´s summit. Some observers also seem worried that Spain may "low-ball" its estimate of how much additional capital its banks need.
Important economic indicators are due for release this afternoon Stateside. As well, data out overnight in China and Japan came in slightly ahead of forecasts.
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