January 5, 2012
There’s mixed news this morning. Europe is under attack today, with weak auction results from France, Hungary and the EFSF. This is all being reflected in wider EU debt spreads and concurrent pressure on the Euro. European troubles are outweighing US data as ADP showed a payroll gain of 325K for December. The ADP data [...]
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January 4, 2012
There was mixed news out of Europe today. Portugal saw good demand at its T Note auction while Germany had lukewarm results. ECB data continues to show elevated stress in their credit sector and that EU banks continue to be tight with their funds. On a brighter note, EU services PMI was stronger than expected [...]
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