US Economy Shows Signs Of Life, Germany's Merkel Lends Vocal Support To ECB Bailout Plans, And Spanish Bonds Beat Their Peers In The Markeplace

German Chancellor Angela Merkel added a boost to Europe by saying that the European Central Bank’s (ECB) insistence on making any aid it gives conditional upon instituting measures to get spending under control fits well within Germany’s priorities.
All of these components are reducing investor anxiety and boosting confidence enough to induce buying. One of the ingredients in the 11-week run of the Stoxx is the fact that the ECB is getting ready to distribute the first part of its promised €100 billion to Spain.
Spain’s bonds outperformed the bonds of all its euro-area peers. Yields on the 10-year bond fell 46 basis points this week, giving yields their biggest decline since the five days ended July 27.

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