French And Spanish Banks Breathe Sigh Of Relief As CDS Tighten

While all positive talk about Europe has centered on the German core, France and Spain have quietly turned positive as well, with CDS on each countries’ financial titans tightening.

Notably, France’s industrial production numbers came in lower than expected this morning.

France, from CMA Datavision:

French Banks 1011

Spain, from CMA Datavision:

Spain Banks 1011

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