This Week

Even so, the G-20’s stance on additional funds is not as big a focus for investors as Greece and the ECB’s decision to offer banks unlimited liquidity for three years, the second such offering in three months, Cailloux said.

 Pressure for a deal in Mexico eased after European bond markets reacted positively to last week’s agreement to help Greece avert the euro-area’s first sovereign default.
Italy’s 10-year bonds rose for a seventh week, the longest run of gains in the euro-era, while Spanish 10-year bonds had their biggest weekly advance in a month.
Europe’s Stoxx 600 (SXXP) index slipped 0.4 percent last week on concern that Greece won’t be able to implement the austerity measures needed for the rescue. The European Commission said the euro area’s economy will shrink this year.