Futures Market News
Euro aims higher with assistance from German data
Apr 17, 2012 10:46 AM
The euro also capitalized on an uneventful sale of debt in Spain, which sold 3.2 billion euros-worth of 12- and 18-month Treasury bills. That bond sale pushed beyond the target, but a large part of the successes were linked with Spanish bank investments, according to analysts. Thursday will see a more challenging debt sale in Spain as the nation sells two- and 10-year bonds.
"The over-arching theme in equity markets is still the re-ignition of the tensions in financial markets on euro zone concerns, and this is something that may stay with us for some time," equity strategy head Gerhard Schwarz with Baader Bank told Reuters.
The euro climbed from scraping its lowest value in two months on Monday while analysts prepared for the U.S. data about housing and industrial production, both of which are due on Tuesday and likely to impact the performance of the euro.
Germany, the host of the largest economic system in the euro zone, saw investor and analyst expectations rise to 23.4 after registering 22.3 in March, according to Bloomberg.
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