June 12 - Italy takes centre stage in the debt crisis; Inditex earnings a worry; OPEC price hawks squawk for action.
The spotlight turns and Italy off Austria's finance minister warns that room could be next to need a bailout Italian yields climb well about 6% off to the commons. Which prime minister Mario Monti goals completely inappropriate us. The latest developments in the eurozone crisis European Commission president Jose Manuel Barroso today joining ECB policy makers. And France's finance minister calling for swift moves towards a banking union the Bundesbank says that -- can only happen if there's also move to fiscal union while German Chancellor Angela Merkel again dismisses the idea of common Euro zone and bombs. The off some off of the Spanish bank bailout did see some relief today for stocks and the -- -- -- analysts say don't bet on it lasting. I think -- -- says in general are still going to be. Quite that -- and lackluster looking to see. If we DC values they all gonna be some more -- created bush who squeezes and perhaps just create more opportunities for some of the bigger fans out there that. To position themselves. Looking for the next kind of a piece of negative news the next -- is seen in years I'm crosses. Investors weren't have to wait long for fresh test of sentiment on easily up to six -- billion euros of short term debt. -- we auctioned in Rome tomorrow safe haven Vermont also due to be tested Germany sent to sell up to five billion euros of bonds. Even German yields on the up today as investors start to fret about the cost about -- -- -- -- -- -- Meanwhile in the tanks will give us clues on the health of but corporate spying when it Christmas quarter earnings. Barclays Capital warning that the world's largest clothing make it could miss full costs off today to share it Spanish apparel sales down 20% in April. What's -- tomorrow the OPEC meeting gets into full swing in -- key topic like -- to be what to do about a Priceline that -- not thirty dollars a barrel crude since March. OPEC price -- pressing Saudi to rein in production in response. That's all from us an -- joined Reuters everyday at this time for a look ahead at what's that got to move markets Obama's problems is --