Beware of robber banks (RB), bad advisors.
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Euro Outlook Hinges on US-China Trade Deal, Fed Policy Bets
The Euro seems unlikely to find much of a directional lead in next week’s homegrown event risk. The markets appear relatively sanguine ahead of a general election in Spain. The country’s benchmark 5-year sovereign CDS spread – a measure of the cost to insure against the government’s default – has been tumbling for a year. That suggests markets are not concerned about instability at the helm in Madrid. The data docket is peppered with noteworthy releases, including German GDP and CPI as well as the ZEW survey of analysts’ sentiment. Eurozone-wide analogs will also hit the wires. The outcomes may not make ... (full story)