European Markets Are Going Nowhere Ahead Of Crucial French And Spanish Bond Auctions

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[credit provider=”Daniel Goodman / Business Insider”]

The 2012 global miracle market rally has stalled in Europe as it awaits some highly anticipated bond auctions.France’s CAC 40: up 0.4%

England’s FTSE 100: up 0.0%

Germany’s DAX: up 0.0%

Spain is selling up to 4.5 billion euros worth of debt and France is selling up to 9.5 billion worth.  This comes after last Friday’s sovereign debt downgrades by S&P.