A global sigh of relief is evident this morning as a Spanish ‘cash injection’, specifically NOT a bailout, looks imminent.  Although I’m not sure of the difference between a cash injection and a bailout the global view has responded positively with Asian stocks and US stock futures up this morning, with Spanish bond yields easing back down to the 6.17% level. 

The week ahead will no doubt be the rollercoaster that we have come to expect with good or bad news released daily in Europe and the whole world following.  Today’s good news has be a nice start to the week, but the pessimist in me thinks it won’t last a day.

 

Posted by Jonathan Bristow | Account Executive