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FXstreet.com (Barcelona) - Hovering around the market are reports that the Troika is close to agreeing on a deal that would cut up to ¬8B worth of interest rates as one of the measures to put the Greek debt back on track, as well as extending maturities and cutting debt by ¬10B via debt buyback that could be completed by year-end. Such rumors boosted risk sentiment, only retraced by the downgrade to three Spanish banks by S&P. The rating agency stated that the "negative outlook on Spanish banks reflects likelihood of further sovereign downgrade", which puts new market fears for Spain.

The German DAX 30, the French CAC 40 and the British FTSE 100 are trading flat on Friday, while the Spanish IBEX 35 falls by -0.50%, the Italian FTSE MIB loses -0.30% and the Greek ATHEX puts on +0.30%.

The Germany IFO survey came in with solid figures instead of the gloomy consensus estimate: business climate in Germany rose from 100.0 to 101.4 in November, while analysts expected data to ease to 99.5. Current assessment jumped from 107.2 to 108.1 (consensus of 106.3) and expectations improved from 93.2 to 95.2.

However, the GDP report in Germany also came in and showed a softer economy in Q3, easing from 0.3% to 0.2% quarterly, from 0.5% to 0.4% yearly n.s.a, and from 1.0% to 0.9% yearly w.d.a.

US markets are back today after yesterday's closure on Thanksgiving, but Friday's session will be shorter and with an empty economic calendar. Futures for the S&P 500, Nasdaq 100 and Dow Jones are up by +0.08%, +0.30% and +0.12%, respectively.
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