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OIL

Petrobras Refinery Utilization at 97%

HUNGARY

EURHUF Testing Its 50DMA Support

EUROPE

Euribor futures higher, EURUSD lower

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EGB SUMMARY
EGB SUMMARY: Very little to report during the London afternoon session. 
-EGBs have remained better bid on FTQ, with BTP outperforming throughout the
session, following morning comments from Italian Prime Minister Giuseppe Conte
stated that debt reduction is a priority for the Government. 
-Italian 10-year govt bond yield set for biggest daily fall in over 3 weeks. 
-Greek 10-year bond yield set for biggest daily fall in nearly 3 months, 
-Greek/Bund 10 yr spread is at an impressive 11.5 bps tighter, while the
BTP/Bund sits at 5.2 bps. 
-We haven't seen any obvious Greek headline to explain the sudden move. Some
reporting:
-"After a decade of gloom, there's a new sense of euphoria in Athens. The Greek
stock exchange is on course to be the world's best performer this year because
investors believe the new prime minister, Kyriakos Mitsotakis, will deliver on
his promise to attract foreign investment and boost growth" (bbg)
- Bund futures are up 1.86 today at 172.39 with BTP futures up 2.91 at 142.80
and OAT futures down -2.43 at 164.29.

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