US: Redbook Index rose 1.4% MoM

The Redbook index rose 1.4% MoM in the week ending on February 17th, rising 2.7% on a yearly basis, against previous prints at +1.5% and +3.1%, respectively.

Feb 26, 2013

US Redbook index (YoY) grows 2.7% in Feb 17 and (MoM) increases 1.4%

Europe concerned with Italian election outcome

The post election stalemate in Italy, where no political group secured a clear majority in parliament, is causing concerns among European officials and a stir in the markets. Italian FTSE MIB fell by 4.60% on Tuesday while the yield on the country’s benchmark 10-year bond rose to 4.79%.