Investors are worried about Spain's willingness to accept an EU/IMF bailout and this has overshadowed the recent progress policymakers have made in fighting the euro zone debt crisis.
German Bund prices rose 15 ticks and Italy and Spain both saw small rises in yields at Tuesday's as worries about Spain pushed some investors back into safe-haven assets.
"We take the view that delaying tactics by the Spanish government to request aid could backfire and lead to renewed upward pressure on yields because markets are effectively assuming that an aid request is more or less a done deal," said Rabobank economist Elwin de Groot.
http://www.4-traders.com/news/Hesitant-Spain-puts-euro-share-rally-into-reverse--14514335/?countview=0
European stocks fell the most in two weeks, the euro weakened and Spain’s bonds declined on concern the nation will seek financial aid. Chinese shares slumped amid escalating tensions with Japan, while oil extended its biggest drop in two months.
China and Japan’s worst diplomatic crisis since 2005 is putting at risk a trade relationship that’s tripled in the past decade to more than $340 billion.
http://www.bloomberg.com/news/2012-09-18/asia-emerging-currencies-drop-with-copper-as-china-stocks-fall.html
European stocks fell the most in two weeks, the euro weakened and Spain’s bonds declined on concern the nation will seek financial aid. Chinese shares slumped amid escalating tensions with Japan, while oil extended its biggest drop in two months.
China and Japan’s worst diplomatic crisis since 2005 is putting at risk a trade relationship that’s tripled in the past decade to more than $340 billion.
http://www.bloomberg.com/news/2012-09-18/asia-emerging-currencies-drop-with-copper-as-china-stocks-fall.html
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