Italy plans to sell debt later today amid speculation the ECB is preparing a bond-buying program in an effort to cap the borrowing costs for the region. Merkel is hosting Italian PM Monti for talks in Berlin today. In corporate news Fitch has downgraded the ratings of 7 Italian mid-sized banks, and affirmed 2. European futures are little changed, whilst the EURUSD pair is trading near 8 week highs.

 

Posted by Philip Ball | Sales and Trading