Market Overview

Week in FX Europe-European Debt Auctions Take Center Stage

Gathering more attention than usual will be next week's Spanish bond auction. It's appearing just ahead of the Italian general election and ahead of Spanish data that may suggest that the country missed last year's deficit targets. France also appears in the debt market crosshairs. A double French auction appearing on the same day next Thursday, will end up being a true test of investor confidence in two of the largest economies in the Euro-zone.

Despite having raised almost +20% of this years bond needs, Spain will still be required to issue debt at a brisk pace. Its total 2013 debt issuance target is around +EUR122b. Even though Spain has become a periphery worry, France, the bigger of the two economies, is now beginning to cause more of a concern due to its "cyclical and structural mix." The EUR will find fault if spreads begin to widen again.

 

BOE's Broadbent Says BOE Can Do More to Fix Economy

Russia To Stand Firm at G–20...

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: News Forex Global Economics Markets Trading Ideas

 

Most Popular

Related Articles ()

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free