Italy’s Bonds Decline With Spain’s as Economic Recovery Falters......German correction: $DAX falls 10% from June..GOLD PRICES SPIKE

Thread: Portugal's central bank has BAILED OUT &TAKEN OVER Portugal's Largest listed bank: Banco Espirito Santo ....gonna be a crazy week


[link to mobile.bloomberg.com]
Italy’s 10-year government bonds dropped for a second day as signs that the euro-area’s economic recovery is losing momentum damped demand for the region’s higher-yielding assets.
The Italian securities headed for their first back-to-back decline in almost four weeks as a report showed the nation’s economy unexpectedly contracted in the second quarter. Spanish securities fell and German bunds rose after a report showed factory orders in Europe’s largest economy dropped by the most in more than 2 1/2 years, adding to evidence that tension with Russia over Ukraine is leaving its mark. Greek bonds headed for their longest stretch of declines since January.

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Stocks Fall With S&P 500 Futures, Italy Bonds;

[link to mobile.bloomberg.com]
Stocks and U.S. equity-index futures (SPX) fell amid escalating tension over Ukraine while Italian bonds tumbled as the country unexpectedly slipped back into a recession. Treasuries and gold rose while the yen strengthened on demand for haven assets.
The Stoxx Europe 600 Index lost 1.3 percent by 8:21 a.m. in New York. Standard & Poor’s 500 Index futures slipped 0.4 percent, signaling the gauge will extend yesterday’s decline to a two-month low. Italy’s 10-year yield increased four basis points to 2.79 percent while the rate on Treasuries fell four basis points to 2.44 percent and the German bund yield dropped to a record. Corporate credit risk in Europe climbed to the highest level since May. The yen strengthened against all of its 16 major peers and Russia’s ruble weakened 0.3 percent against the dollar. Gold jumped 0.7 percent.

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Last Edited by Uncle Fuck Stick on 08/06/2014 08:15 PM