Syndicate content

European debt crisis

Prospects Daily: Japan’s GDP contracts at annualized 3.5% (q/q) in third quarter

Financial Markets…Global stock markets fluctuated between gains and losses, following three consecutive days of losses last week, as strong Chinese exports data in October offset worries over a prospect of the so-called U.S. fiscal cliff and Greek woes. The benchmark MSCI global equity index just slipped 0.04% in afternoon trading.

Prospects Daily: Portuguese government bonds advance following successful short-term debt auction

Important developments today:

1. Portuguese government bonds advance following successful short-term debt auction.

2. Deceleration in Eurozone manufacturing activity slows.

Prospects Daily: European equities rally, while Greek bond yields climb above 100%

Important developments today:

1. European equities rally, while Greek bond yields climb above 100%

2. ECB cuts policy rate by 25 basis points