CAUTION KEPT PRICES IN A THIN CHANNEL
for both high-yield and investment-grade bonds in Europe, headed into the weekend.
xtended strength in financials was seen today, lifting the pan-European
Deutsche Bank AG,
Commerzbank AG, and
shares all posted gains, reaffirming an upside trend seen for most of the week. Meanwhile an extended weak euro helped export-sensitive groups, although today the
carmaker sector took a hit, following
stock lower by 0.4% at one point, as
Porsche AS AG
also fluctuated south.