Eurozone's final GDP declined by 0.2% in Q2

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Source: Forexpros

Eurostat reported on Thursday that the gross domestic product of Eurozone fell by 0.2% in the second quarter. The data is in compliance with expectations and did not change from the first estimate. Year on year, GDP in Eurozone shrank 0.5%, which is worse than an expected 0.4% decline. Following the release of the data, the Euro gained 0.1% versus the Greenback to trade at 1.2612.

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Thu, 06 Sep 2012 11:32:31 GMT

Borrowing costs for Spain fall on ECB

On Thursday, Spain witnessed a decrease in its borrowing costs, while it was selling its medium-term debt as traders eyed ECB's policy meeting. Spain's Treasury sold 2-year bonds for EUR608 million, having the average yield equal to 2.798%, which is a significant decrease from the last month's figure of 4.774%. The average yield for 3-year government bonds was 3.676%, compared 5.086% in the previous month.

Thu, 06 Sep 2012 11:11:34 GMT

Yields on French debt drop

On Thursday, France witnessed a decrease in yields as it was selling its debt on an auction, since traders eyed upcoming ECB's policy meeting. France's Treasury managed to sell government bonds worth EUR7.98 billion, while the target was between 7 and 8 billion Euros. The average yield of 10-year bonds was 2.21%, which is less than the average yield of 2.53% in August.

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