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EMEA Wednesday: Nervous investors await Italian T-bill sales

Tuesday, April 10, 2012 - 03:21

April 10 - Italian bill auctions on the slate tomorrow as rising borrowing costs in the euro zone periphery continue to unnerve investors. In world news, South Koreans head to the polls.

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Mounting concerns over Spain's financial health compounded worries over global growth started to find last Friday's surprisingly weak US employment report. Stock slide and safe haven flows push German government bond yields. To their lowest since September. Spanish bond yields closed in on 6% bad as the head of Spain's Central Bank. Warns the country's banks may need more capital if the economy deteriorates this -- Italian boring costs higher as well -- -- short -- auctions tomorrow. And medium to long term debt sales on Thursday. Alcoa kicks off Q1 earnings season tonight signings the -- full cost to drop by force sends. -- is a gain of 28 cents a year ago HSBC's head of global research police corporate earnings of one big enough to -- -- markets and keeps it. Lastly if you look at it the first -- was a very good course. Peace yea it's pretty much the same thing but now we still. No -- parallels out of the UN is not as good as expected. We seen. Trade data out of China waving it imports went down which means that perhaps the domestic economy is of itself stuck. So you do is this sort of uncertainty and wariness among markets and among people now that. Yeah this will continue so I think that it won't be enough. What everyone's focused on -- growth and -- now doesn't mean that you'll have put earnings in the future so I think it was the enough. What we need used to seeing growth recovery to continuing. And of China and the US. And well the -- voted. And South Korea ahead in the polls of the country's parliamentary election the center left democratic. United party had been tipped for an easy win believe I'm young so commits the race is now neck and neck. The north which today said it was ready to go ahead with its long range rocket launch has been stepping up calls to South Koreans to vote against the conservative -- Accusing -- of bringing the peninsula to the brink of war. US secretary of state Hillary Clinton host G-8 foreign ministers in Washington tomorrow with the UN brokered peace plan in Syria looking increasingly vulnerable. Syrian tanks shelled the central city of Hamas and parts of palms came under mortar far choose say. According to opposition activists Russia has as president Bashar Assad to act more decisively to implement the peace plan. Chris Kluwe occurred in the I will tell you frankly we've voiced our assessment that the situation to a Syrian colleagues. We think -- actions could it be more active more decisive when it comes to XQ team provisions of curfew announced plan. In Europe UK prime minister David Cameron touches down in Indonesia -- a major trade -- southeast Asia. Earlier Cameron and assignments are announced a 125. Million pound deal to build a new hatchback -- in Northern England. And French finance minister Francois -- that presents the government's long term budget to the Senate's. That's his campaign rhetoric mounts ahead of the country's presidential election three polls out today. -- present Nicholas Sarkozy is leader of a socialist Francois all long shrinking. Ahead of the first round April 22. That is all from -- that would join us again this time each state. -- improbable as his choices.

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EMEA Wednesday: Nervous investors await Italian T-bill sales

Tuesday, April 10, 2012 - 03:21