Huge Cracks in Global Recovery Thesis; Industrial Production Unexpectedly Drops in Germany, France; UK Weaker than Expected

"For some clues about Europe, please consider German Bonds Rise as European Production Slips, Limiting Rate Speculation

May 12, 2011 10:27 AM CT

German bunds rose, pushing the 10- year yield toward a two-month low, as a report showed European industrial production unexpectedly fell in March, strengthening the case for interest rates to be kept on hold.

Production in the euro area slipped 0.2 percent in March from February, when it grew 0.6 percent, the European Union’s statistics office in Luxembourg said today. The median prediction of 25 economists surveyed by Bloomberg was for a 0.3 percent gain..."

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