Not sure if any of you will find this useful:
Markets are staying in tight range in Asia today in holiday mood. Europe will remain the focus in otherwise quiet trading. Italy's 10 year bond yield breached 7% again last Friday, after Senate gave final approval to the EUR 30b austerity package. Italian bonds would likely remain pressured ahead of the auction of 2014, 2018, 2021 and 2022 bonds later this week and thus, limit Euro's rebound attempt. Also, traders would remain cautious on taking too much position in Euro, either long or short, as S&P could downgrade Eurozone nations any time this week.
Markets are staying in tight range in Asia today in holiday mood. Europe will remain the focus in otherwise quiet trading. Italy's 10 year bond yield breached 7% again last Friday, after Senate gave final approval to the EUR 30b austerity package. Italian bonds would likely remain pressured ahead of the auction of 2014, 2018, 2021 and 2022 bonds later this week and thus, limit Euro's rebound attempt. Also, traders would remain cautious on taking too much position in Euro, either long or short, as S&P could downgrade Eurozone nations any time this week.
Beauty awakens the soul to act. Dante Alighieri