STOCKS WERE UP BASED ON MULTIPLE REASONS. Trumps deal with Mexico and China removes trade uncertainty. Brexit will happen at the end of January. FTSE 100 +2.25%, German DAX +.94%, CAC 40 +1.23%, STOXX Europe 600 +1.39%. The 10-year Gilt gained 3.9 basis points.
European Bond Research – December 16, 2019Posted on December 16, 2019
EUROPEAN BOND RESEARCH
December 16, 2019
Credit-Default Swap Market
|New Issues||New Issues [Continued]|
(None Current 12/16/2019)
OVERALL EUROPEAN CREDIT MARKET:
The euro-zone economy shows signs of negative momentum, weakening credit rating quality, and uncertainty regarding the outcome of Brexit. Closely watched indicators and rates:
- Eurostat’s unemployment rate: currently 7.5% (seasonally adjusted, May 2019)
- Eurostat’s quarterly GDP: 0.4% (2019 Q1)
- 6-month Euribor: current value –0.34%, as of 12/13/2019
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