On the macroeconomic front, the ISM non-manufacturing index came out slightly above expectations yesterday, reaching its highest level since August 2005 59.7.
On the bond market, the 9th March will be very important since Portugal is expected to issue between 750 million and one billion euros of bonds maturing in September 2013. This show will be accompanied by a rate of 5.45%. This is the second issue of the year in Lisbon and will be an important test for the country, while rumors of aid applications to the EU remain.
On the commodity market, an ounce of gold has accused the largest drop over the last six weeks after President Hugo Chavez has announced his intention to play the role of mediator in the civil war in Libya. Yesterday, was over an ounce in 1440 dollars.
Finally, contrary to previous assertions, the Cairo Stock Exchange is not expected to reopen Sunday. The official MENA news agency said that the Exchange is closed until further notice.
On the bond market, the 9th March will be very important since Portugal is expected to issue between 750 million and one billion euros of bonds maturing in September 2013. This show will be accompanied by a rate of 5.45%. This is the second issue of the year in Lisbon and will be an important test for the country, while rumors of aid applications to the EU remain.
On the commodity market, an ounce of gold has accused the largest drop over the last six weeks after President Hugo Chavez has announced his intention to play the role of mediator in the civil war in Libya. Yesterday, was over an ounce in 1440 dollars.
Finally, contrary to previous assertions, the Cairo Stock Exchange is not expected to reopen Sunday. The official MENA news agency said that the Exchange is closed until further notice.
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