Список проголосовавших за комментарий " European Summary<p><strong>OAT/Bund Spread Moves to 4-Year High</strong></p><ul><li>The spread between French and German 10-year note yields hit a four-year high of 73 basis points as French presidential candidate Marine Le Pen announced her plans to limit free trade and withdraw France from the eurozone. A Le Pen victory in April remains a long shot. French and Spanish 10-year yields both hit one-year highs today as the economic data out of the eurozone was actually quite good, with a survey from Ifo showing economic sentiment rising to a multi-year high and German factory orders surging in December. Despite political risks in the single-currency bloc, eurozone real GDP growth exceeded the U.S.'s in the fourth quarter of 2016 and the euro area still has substantial slack with the unemployment rate at 9.6%. That means that monetary policy can remain extremely accommodative for some time to come although housing prices in Germany have begun appreciating with negative interest rate policy</li><li><strong>European Economic Data:</strong><br/> <ul><li>German factory orders jumped by 5.2% m/m in December, handily beating estimates and reversing November's 3.6% slide. December's growth was the fastest in five years<br/> <ul><li>Germany's construction purchasing managers' index fell to 52.0 for January from 54.9 in December, missing expectations for modest improvement</li></ul></li><li>Norwegian industrial production fell 2.7% m/m in December after growing by 0.7% in November</li><li>Retail sales in the Czech Republic grew by 3.7% y/y in December, slowing from November's 8.6% growth</li><li>The eurozone's retail purchasing managers' index dipped to 50.1 for January from 50.4 for December</li><li>Ifo's index of economic confidence for the eurozone jumped to 17.2 for January from 8.2 in the prior month. January's reading was the best since the relapse of the Greek crisis in 2015<br/> <ul><li>The eurozone's Sentix Investor Confidence index fell to 17.4 for February from 18.2 in January, as expected</li></ul></li></ul></li><li><strong>Yield Check:</strong><br/> <ul><li>France, 10-yr OAT: unch at 1.08%</li><li>Germany, 10-yr bund: -6 bps to 0.36%</li><li>Greece, 10-yr note: +2 bps to 7.47%</li><li>Italy, 10-yr BTP: +8 bps to 2.34%</li><li>Portugal, 10-yr PGB: +4 bps to 4.19%</li><li>Spain, 10-yr ODE: +3 bps to 1.73%</li><li>U.K., 10-yr gilt: -5 bps to 1.31%</li></ul></li></ul>"