Список проголосовавших за комментарий "<table class="BriefingDataTable" border="0" cellspacing="0" cellpadding="0"><tr> <td class="tickerColumn"> </td> <td class="articleColumn">European Summary<p><strong>European Sovereign Debt Mixed</strong></p><ul><li>European sovereign bonds are seeing mixed results this morning after French inflation missed estimates for February while Italian inflation was faster than expected. Sweden's economy surged in the fourth quarter of 2016 to print 1.0% q/q GDP growth, well ahead of Germany and France's 0.4%. 10-year sovereign yields in France, Italy, and Spain have fallen to their 50-day moving averages this week as optimism over the French election has supported buying of eurozone periphery debt. For the reflation trade to resume, markets are going to need evidence that January inflation figures were not just an artifact of very low crude oil prices back in early 2016 that are flattering year-on-year inflation data. The PMI data from the eurozone and the U.K. has been strong for the past few months so there is hope, but election uncertainty in France still looms large. Also of note today, Switzerland's KOF Leading Indicators surged in February</li><li><strong>New Issuance:</strong><br/> <ul><li>Germany sold EUR4.14 bln of 2-year schatz at an average yield of -0.92% with a bid-to-cover of 1.76</li></ul></li><li><strong>Central Banks:</strong><br/> <ul><li>Hungary's central bank kept its benchmark policy rate at 0.9%, as expected. Forbearance at the National Bank of Hungary in the face of 2.3% y/y CPI inflation is not expected to hurt the Hungarian forint because of falling German yields at the short-end of the curve and a generally strengthening global economy</li></ul></li><li><strong>European Economic Data:</strong><br/> <ul><li>France's harmonized index of consumer prices (HICP) increased by 0.1% m/m in February (1.4% y/y), missing expectations after a 0.3% slide in January<br/> <ul><li>French GDP growth ran at 0.4% q/q in the fourth quarter of 2016, matching estimates and Q3's pace</li><li>French consumer spending grew by 0.6% m/m in January, matching expectations after declining by 1.0% in December</li></ul></li><li>Italy's CPI beat expectations in February, rising 0.3% m/m (1.5% y/y) after 0.3% inflation in January<br/> <ul><li>Italy's HICP rose by 0.2% m/m in February (1.6% y/y), beating forecasts and clawing back some of January's 1.7% drop</li></ul></li><li>Spain's current account surplus widened to EUR3.4 bln in December from EUR3.3 bln in November</li><li>Ireland's ILO unemployment rate fell to 6.6% in February from 7.1% in January</li><li>The U.K.'s GfK Consumer Confidence Index declined to -6 for February from -5 in January, as expected</li><li>Swiss KOF Leading Indicators jumped to 107.2 for February from 102.0 in January</li><li>Sweden's GDP grew by 1.0% q/q in the fourth quarter (2.3% y/y), slightly beating estimates after 0.3% growth in Q3</li><li>Polish GDP growth for Q4 was finalized at 1.7% q/q (2.7% y/y)</li></ul></li><li><strong>Yield Check:</strong><br/> <ul><li>France, 10-yr OAT: +1 bp to 0.90%</li><li>Germany, 10-yr bund: +2 bps to 0.21%</li><li>Greece, 10-yr note: +1 bp to 7.06%</li><li>Italy, 10-yr BTP: -4 bps to 2.10%</li><li>Portugal, 10-yr PGB: +1 bp to 3.87%</li><li>Spain, 10-yr ODE: -2 bps to 1.56%</li><li>U.K., 10-yr gilt: +1 bp to 1.08%</li></ul></li></ul></td> </tr></table>"