Spanish Bailout Dust Settles

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The euphoria surrounding the Spanish banking bailout seems to have fizzled out as investors await the fine print of the package. Additionally, concerns that peripheral Eurozone economies including Italy, Austria and Cyprus might need aid to shore up their economies has aggravated matters further. In today’s trading session, a raft of bond auctions in Europe and economic releases across the Atlantic are likely to be keenly eyed.

At home, dovish comments from a BoE policymaker has strengthened market speculation of further easing for the UK economy. Data just out has revealed a contraction in annual industrial production for May, although at a slower pace.

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Spanish Bailout Dust Settles

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