European Markets set to rise on Thursday 12-04-2012
European stocks were set to rise on Thursday,
adding to the previous session's tentative recovery following a week-long slide,
but gains could be limited as investors brace for a key Italian bond auction.
At 0610 GMT, futures for Euro STOXX 50, for Germany's DAX
and for France's CAC were up 0.1-0.5 percent.
Italy plans to offer up to 5 billion euros, including its March 2015 BTP
bond and 3 off-the-run issues, with yields expected to rise.
On Wednesday, Italy's one-year borrowing costs doubled in a sale of
short-term bills, fuelling fears over weaker euro zone countries and
highlighting investors' nerves ahead of Thursday's more challenging auction of
three-year bonds.
Worries that Spain's budget troubles will spread to Italy and the slow
progress made by Rome on structural reforms have recently reversed a falling
trend for Italy's debt costs, with the 10-year bond yield back
above 5.5 percent.
European stocks were set to rise on Thursday,
adding to the previous session's tentative recovery following a week-long slide,
but gains could be limited as investors brace for a key Italian bond auction.
At 0610 GMT, futures for Euro STOXX 50, for Germany's DAX
and for France's CAC were up 0.1-0.5 percent.
Italy plans to offer up to 5 billion euros, including its March 2015 BTP
bond and 3 off-the-run issues, with yields expected to rise.
On Wednesday, Italy's one-year borrowing costs doubled in a sale of
short-term bills, fuelling fears over weaker euro zone countries and
highlighting investors' nerves ahead of Thursday's more challenging auction of
three-year bonds.
Worries that Spain's budget troubles will spread to Italy and the slow
progress made by Rome on structural reforms have recently reversed a falling
trend for Italy's debt costs, with the 10-year bond yield back
above 5.5 percent.
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