Euro Gains Beyond $1.30 on Speculation Spain Will Request Aid – Bloomberg 10-16-12

Salient to Investors:

The ZEW Center for European Economic Research  index of investor and analyst expectations rose to minus 11.5 from minus 18.2 in September.

Neil Jones at Mizuho Corporate Bank said the better the chances of a bailout for Spain, the more risk-on that is – the market is not prepared for the upside or risk on, and the positions out there are to hedge against euro catastrophe.

James Bullard at FRB St. Louis said US growth will pick up in 2013.

Read the full article at http://www.bloomberg.com/news/2012-10-16/euro-rises-before-german-sentiment-report-amid-spain-rescue-bets.html