Spain Skating on Thin Ice

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Market speculation of possible additional stimulus from China has kept risk appetite alive in today’s trading session. However, market concerns over Spanish debt, with talks of a bailout for a leading Spanish bank and the Spanish region of Catalonia running out of debt financing options, have kept a tight lid on the Euro. Across the Atlantic, consumer confidence data due later today is likely to generate market interest, especially after last week’s strong Reuters/Michigan consumer confidence reading.

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Spain Skating on Thin Ice

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