Stocks and euro up on Spain’s budget
economic data mixed
Crude oil above $110 uk canada goose outlet on Iran tensions
NEW YORK, Sept 27 (Reuters) Stocks rallied and the euro rebounded from two week lows on Thursday after the Spanish government said it would cut spending sharply and opened the door for a potential European bailout.
Spain Deputy Prime Minister Soraya Saenz de Santamaria announced a timetable for canada goose clearance economic reforms and a tough 2013 budget focused on spending cuts rather than tax rises as the country continues to negotiate a possible European aid package to ease the country high borrowing costs.
Officials said Spain was still analysing the terms of the potential European Central Bank bond buying program announced earlier Canada Goose Coats On Sale this month and added a decision on an aid request will be taken when the effect of the spending cuts is canada goose fully known.
there a solution where (Spain) can lower their yields, then there a possibility Spain will find a way to pull themselves out of this mess. Global Investors in San Antonio.
The euro, which has lost more than canadian goose jacket 1.6 Canada Goose Jackets percent over the last two weeks, rose to $1.2891 after hitting a low of $1.283 canada goose clearance sale earlier cheap Canada Goose in the day.
Talk on Thursday that the China Securities Regulatory Commission would announce steps to support beleaguered canada goose coats on sale domestic markets was also positive for relatively risky investments..
The MSCI world equity index was up 0.6 percent to 332.53.
The Dow Jones industrial average was up 15.44 points, or 0.12 percent, at buy canada goose jacket 13,428.95. The Standard Poor 500 Index was up 5.15 points, or 0.36 percent, at 1,438.47. The Nasdaq Composite Index was up 17.66 points, cheap canada goose uk or canada goose uk black friday 0.57 percent, at 3,111.36.
Spot gold rose to $1,778.64 and canada goose black friday sale was on track for its biggest one day gain in https://www.canadagooseoutletshop.co.uk two weeks.
DOUBTS ABOUT SPAIN Euro zone worries have come Canada Goose Online back into investor focus over the last week as the canada goose factory sale rally in stockmarkets resulting from stimulus announced by the Federal Reserve Canada Goose online and ECB has given way to doubts about whether Spain would submit to a politically painful rescue program.
Conscious that seeking help from EU buy canada goose jacket cheap partners would carry conditions for budget savings that would be unpopular at home, Spanish Prime Minister Mariano Rajoy had said he is not sure if a bailout is needed.
Protests in Spain and Greece canada goose uk shop against austerity measures uk canada goose had roiled markets on Wednesday, sending 10 canada goose uk outlet year Spanish bond yields back above the 6 percent threshold.
Spanish yields were slightly canada jackets goose store lower on Thursday at 5.959 percent while the German 10 year Bund was flat at 1.465 percent.
put it all together, Canada Goose Outlet a lot of this is backward looking data, some Canada Goose sale of this is more forward looking, said Tim Ghriskey, chief investment officer at Solaris Group in Bedford Hills, New York. certainly a negative but not a disaster at all and the stock market is not reacting significantly here to this canada goose coats news.
Oil prices rose as renewed worries over supply disruptions from the Middle East due to anti Israeli and anti Western comments from Iran, helped keep Brent futures above $110. Brent crude was up 1.4 percent at $111.63. crude rose 1.3 percent to Canada Goose Parka $91.24.
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