European Session – Euro rebounds after Italian debt sale
Posted on October 30, 2012 at 1:11 pm GMTEuro reversed losses against the dollar and advanced during the European session today, helped by a successful Italian debt auction and Spanish GDP not being as bad as expected. European equity markets rose today, also helping lift sentiment as results from BP Plc and Deutsche Bank AG beat analyst estimates, showing good resilience of European companies. The Italian government was able to meet its sale target on 10 year bonds today, lowering borrowing costs. Also Spain contracted less than forecast. [..]