mixed economic data

May 16 [Wed], 2012, 11:13
point hogan scarpe uomo of view, the United States 3, mixed economic data, the uncertainty of the U. S. economic outlook increased. Mutual Credit Bank of France business analyst Francois Dion said the U. S. economy grew less than expected, if not to restore investor confidence, the outlook is indeed worrying. The day of the euro against the dollar began to rise, rose from 1 1 to 1. 4352 than 1. 4201.

In Europe, Spain and Italy the same day the 10-year bond yields another record high, respectively 6. 37% and 6. 22%. Spanish and German bond yields had risen to 407 basis points spread, the euro hit a new high since the Spanish, Italian and German bond yields spreads reached 391 basis points was high.

3 pm, www.hoganscarpeitalian2012.com Spanish Prime Minister Jose Luis Rodriguez Zapatero government held an emergency meeting on countermeasures, and called on the EU market come forward to quell tensions. European Commission President Jose Manuel Barroso said in a statement, called on euro-zone countries to take prompt measures to implement the July 21 summit decided to send a positive signal to the market.

3 evening, the Italian Prime Minister Silvio Berlusconi made a speech in Parliament, stressed that Italys economic fundamentals are solid, called for all walks of life unite to take action to increase taxes, create jobs and encourage investment. Italian Finance Minister Giulio Tremonti will meet at the Luxembourg Euro Group Chairman Juncker, consultation responses.

4 days, the European Central Bank will hold its monthly meeting in Frankfurt, Germany. Analysts generally believe that the ECBs position on sovereign debt crisis will be drawn outside attention. August is the European summer vacation period, when the risk of sovereign debt crisis intensified, aid to increase the difficulty of fear
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