The euro started the week with a weaker tone as risk aversion is the theme of the day, with equities, commodities and fixed income telling the same story on Monday. The fifth consecutive decline in the German Ifo did not help matters while uncertainty over Spain and Greece also undermined riskier assets. While main attention continues on whether Spain will ask for an official bailout from the EFSF/ESM that would trigger ECB bond-buying in the secondary market, an EU/IMF report into whether Greece's debt is manageable, now looks set to be delayed until after Nov 6. It's a light data week ahead, with the highlights ... (full story)