Euro area sovereign yields declined and peripheral spreads were little changed ahead of several rating assessments. Spain’s sovereign rating got raised one notch by both Moody’s (A3, stable outlook) and Fitch (A, stable outlook). Two weeks ago, S&P had raised Spain’s rating to A+.
This week the focus will be on the euro area’s September inflation figures and the U.S.’ September employment report. Other data releases include final September PMI figures for the euro area and the U.S., the euro area’s August unemployment rate and the U.S.’ ISM September data.
Â