Front Core Capital Sees Europe's Sovereign-Debt Crisis Spreading
Spain sold 3.56 billion euros of a new 10 year benchmark agreement at average revenue of almost 7 percent which might have been the cause why futures fell as much as 2.5 percent.
- (1888PressRelease) November 22, 2011 - Yesterday, Front Core Capital became concerned that Europe's debt crisis is spreading and will badly affect demands as oil fell from five months higher in New York as Spain's borrowing costs surged.
Spain sold 3.56 billion euros of a new 10 year benchmark agreement at average revenue of almost 7 percent which might have been the cause why futures fell as much as 2.5 percent.
Now, because of this incident Front Core Capital is expecting that there will be a slight recession next year in euro zone. This shows that the debt crisis that Europe is facing is still not clear to end in 2012. If prices drop it will be great opportunity for international investors because analysts predict prices and demand should be on the rise in early 2013.
About Front Core Capital
Front Core Capital planning service is based on a truly holistic understanding of our client's financial situation, aspirations and risk profile. By administering our brand of independent, fee-based services and our commitment to working as closely as possible with clients and their professional representatives, we have established ourselves as the "safest pair of hands" to our clients.
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