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At least in the distant past the Red planet had a liquid bodies of water
European government bonds profitability has decreased because of oil getting cheap
 The profitability of European government bonds has fallen on Monday due to renewed doubts in the ability of the largest oil producers to come to an agreement about the oil output cutting. 28.Nov.16 11:58 PM By Anna Tuzova Photo Toinnov.com |
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French bonds has got a little advantage over its rivals after the decisive victory in the primary of a tough reformer François Fillon, which has made him a favorite on the presidential elections that will be held in five months. Markets mainly have laid Fillon’s victory in the primary in forecasts, after the good voting results on the first ballot the week before, though, the focus shifted to the first of the key risky developments for markets – the OPEC meeting on Wednesday. The fall in oil prices on Monday followed the fall of quotations over 3 percent on Friday because of the disagreement over the conditions for the oil Pact amongst OPEC member countries and states, which are not in the cartel, including Russia. The pact aims at limiting oil output and reducing oil supply glut that caused fall of oil prices more than doubled since 2014. The Brent has dropped in price by 2 percent on Monday and then recovered. The profitability of the most euro zone obligations has fallen by 2 basis points to 0,205 percent, which is the minimum rate since 9th November, when the USA election results had been published. The profitability of French Bonds has fallen by 2,2 basis points to 0,77 percent. At the same time the profitability of Italian bonds has promoted growth against a background of falling Italian stocks over 1,5 percent. | |
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