Optimism Improves on Common Franco-German Position
BonTradeMarket sentiment in Europe improved significantly yesterday as Germany and France said they reached a joint position on Greece's debt crisis. Major European bourses advanced with gains ranging from 0.4% to 2.0%. Peripheral yield spreads narrowed amid expectations that solid plans will be delivered after today's EU summit. Bullishness eased in the US session as concerns over debt limits persisted and existing home sales missed expectations.
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Optimism Improves on Common Franco-German Position
