Spain to be in focus this week: City Index
Global markets have started off the week on a subdued note. All eyes this week will be on news likely to come out of Spain. On Thursday, Spain is likely to detail the funds needed by the Spanish banking system, says Fiona Cincotta, Market Analyst, City Index. Markets are building in expectations of a 60 billion Euro funding requirement for the Spanish banking system. At the same time, markets are also watching any newsflow around a full-fledged bailout for Spain, she adds.
