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Poor Italian bond auction may not shake sentiment: Ladwa

Wednesday, December 28, 2011 - 01:53

Dec. 28 - Even a disappointing €8.5 billion Italian bond auction tomorrow may not hit market sentiment, according to Manoj Ladwa, Senior sales trader at ETX Capital.

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His sixteenth that's in London at 1130 in New York investor sentiment gets a boost updates at least short term debt cost half -- auction. Italian yields dipping below 7% as the new austerity package and cheap ECB liquidity wins Rome some rest -- finished yet and markets. -- a big test of appetite for longer term peripheral that's tomorrow that with an eight point five billion -- Italian bond auction. Prime minister Mario Monti will hold yet arranged news conference following pretend that. Well my -- tonight plus senior sales trader at eject capital says that -- that disappointing auction may have limited act impact on European market. It's a city think if if there is of course -- to Nielsen's in. We we could see yields creep in the way of over 7% level. And equity sauces that come back down again but it does seem to be the son who do you normal within the markets slip by. Investors are becoming more and more comfortable with -- phones -- So therefore if if -- -- tomorrow for Italian bonds he's listed below we could fund equities do come off but they may not come off in a big way. And world news Kim young males anointed successor and son Kim young -- will attend a mass meeting to pay tribute to the deceased lead to tomorrow. Tens of thousands of soldiers marched through the capital Pyongyang earlier today carrying a giant portrait of mr. -- And the trial of ousted Egyptian President Hosni Mubarak continues tomorrow. Mubarak his two sons the former interior minister of senior police officers. Face a range of charges including involvement in the deaths of hundreds of protesters and corruption during his three decades in office. -- Barak was wheeled in and out of court on a hospital trolley today after a two month delay while lawyers demanded and you judge. Plus when we leave it for now I'm not Joseph Stevenson this is --

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Poor Italian bond auction may not shake sentiment: Ladwa

Wednesday, December 28, 2011 - 01:53