RANSquawk

Daily US Opening News And Market Re-Cap: November 15

  • Debt turmoil and political uncertainty in Spain and Italy witnessed widening of the Spanish/German and Italian/German 10-year government bond yield spreads, despite decent T-Bill auctions from Spain. Also, yield on the Italian 10-year government bond breached the key 7% level to the upside
  • According to the ZEW, there will be at least one negative quarter in Germany, most likely in Q1 2012
  • BoE's King said he expects inflation to fall back sharply in the next 6 months, and will reach around the BoE’s target by the end of 2012
  • SNB’s Jordan said that the SNB would act if the economic outlook and deflation trends demand