April 24 - Stocks regain some ground and bond yields dip after Dutch and Spanish debt auctions pass off smoothly. Nokia at 16-yr low on junk status, technical chart of the day is Aussie/Canada.
The eurozone crisis spotlight today shines on on Saddam on Madrid's but -- options -- without too much -- lifting markets across the continent. This is today's market pulse. -- well they often it's government resigned that the state sell two billion euros of bonds. I'm -- sales almost two billion euros of short term bills although it pays off sharply higher rates of interest. I'm expired perhaps but investors clearly relieved that the outcome wasn't -- For more I'm joined by -- -- won't put us. On that will James will there actually in the second to market come across you know how it's been quite positive you inspect its upcoming end. Why is that I think like you said it's really more than I think the the situation in the Netherlands of the weekend's. It's quite new on for a lot of people and used to scrutinizing. That's that auction for signs of weakness and so. There's always a propensity that -- to over react and got a little too cautious -- today announcing a bit of an unwinding that especially in the in the course I think. -- was treating latent sector -- -- this the least balloting done on late volumes. Yes and if his fist fight and it's it is normal -- going through our -- sense of -- freshening. There could put options. That the yen after the video premiums on those and the Spanish fails to show that tonight he really wants it's fine. Peripheral that the minds of that the sense and hasn't really improved this is just Chilton benefiting. I'm looking ahead suits and model with ghosts that to you -- on the -- -- gently until the suit that funds. Compare contrast some of the borrowing costs we can expect -- interest -- -- set 22 and a half cent coupon -- record. It just goes to show you know US bank borrowing. It's for six months at a pretty -- to level compare that to a -- and his success doesn't quite comfortable car stereo and put it like that. I'm the -- and -- so should be interesting. Then launch that. -- it but it didn't go very well. -- a couple of weeks ago. As is that he has had. Seeming even more difficult well have to weigh in statements. The message for Germany as -- can expect -- some of that out to a costs it's just -- the ocean there's an electric and -- on Spain bowling today for six months at one point 5%. Gently blowing fifty years moment in -- 2% so -- on the consulate. Well thank you very much. So after taking a pounding yesterday markets calling by some of those lost c.'s today European stocks up and -- half of 1%. But won multiple underperform as telecoms company Nokia sliding 2% to sixteen year low of two euros and 65 cents. This have to -- done makes -- gets credit rating to junk status and says the outlook remains negative. Nokia shares have lost a third of their value this month alone. I'm just finish up our technical shot of the day today we looked at the Aussie dollar which is done across the board. Surprisingly lol Australian inflation opens up the sort of cut and interest rates ten you know -- yields fall to record low. Phil Roberts from Barclays Capital says the -- has been to fall followed up against the Canadian dollar. Also owes account of those who look like -- since foaming. Hope for the last twelve months we had clear signs of divergence during that period. Someone appears to be. Rising wage or diagonal triangle unfolding. What's missing now is just the the final signaled us that is the plan is complete and that would come. -- breaking trend lines to pull the more importantly -- breaking the November low just above one no longer now. If that happens. Then we would some people. Most significant. Canadian dollar strength we've 96. As the the target zone. Well that's all -- my -- to market pulse every weekday at eleven GMT when we look at what's moving in financial markets and why. I continue to give up this is Reuters.