Spanish bonds have returned 3.5 percent over the last three months, the best performance of anywhere in the euro region. Neighboring Portugal is the opposite. Italy also looks a riskier alternative as it faces a referendum in the fourth quarter that may cost Prime Minister Matteo Renzi his job. Source: Bloomberg
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Greece reported having some 149.1 tonnes of gold reserves at the end of 2016 amounting in the value of 5.26 billion euros. Almost half of that gold is kept in vaults abroad, and after a Greek newspaper reported that half of its gold reserves had been handed over to the ECB. Source: Greek Reporter
Top advisers to French presidential candidate Marine Le Pen have met with strategists and analysts from BlackRock Inc, Barclays Plc and UBS Group AG, among other firms to explain their economic program and plans to withdraw France from the euro. They have met with analysts from British and American financial institutions. Source: Bloomberg
Four European leaders have called for a European “Federal Union” to strengthen the relationship between states as Brussels approaches its first “divorce settlement” on its 60th anniversary. Representatives from lower parliament chambers in France, Italy, Germany and Luxembourg wrote a letter in La Stampa, an Italian newspaper. Source: Express.co.uk