Eurozone: Spain in the limelight apart from the PMIs - TDS

Research Team at TDS, suggests that there’s no data today outside of the final readings for the manufacturing PMIs, but ECB Governing Council member Nowotny is speaking at 5pm BST on “Easy Money Policy: Free for All or Necessary Safety Net?”

Key Quotes

“There may also be some market focus on Spain today, after Rajoy lost a confidence vote to form a government last night, getting 170 votes vs the 176 needed to win. There will be another vote on Friday, where Rajoy would need 11 abstentions in order to win, but if he loses that vote then he has a further two months to try to form a government before new elections are triggered, which could fall on Christmas Day.”