Gold Buy

European bond investors gravitated toward the safest assets on Friday as political and economic developments pointed to a muddier outlook for the continent.

German bonds led gains among core euro-region securities after French Socialist Party presidential candidate Benoit Hamon said he’s in talks with far-left candidate Jean-Luc Melenchon about a potential single candidacy. That boosts the chance that the anti-euro Marine Le Pen may not face a centrist candidate in the final round of voting in May. Austrian and Dutch securities also advanced.

Italy’s bonds declined as former premier Matteo Renzi faced an uphill battle to avert a deepening split in his ruling Democratic Party, and in the U.K., 10-year gilt yields touched the lowest level since November after data showed retail sales fell for a third month, spurring bets the Bank of England will need to support the economy for longer.

Safest asset is often Gold.

Cheerio

The Pinstripe and Bowler Club shares information with MF Solutions Ltd.

 

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