OTP Bank Snaps Two-Day Drop on Spanish Bank Aid, China Exports
Spain asked euro-region governments over the weekend for as much as 100 billion euros ($126 billion) to help shore up its banking system, a sign Europe is tackling a crisis that has roiled markets around the world. Chinese data showed exports grew last month at more than double the pace analysts estimated and crude oil imports rose to a record.
“We expect strong optimism to dominate the market today following favorable Chinese economic data and the Spanish bailout,” Levente Blaho and Adam Keszeg, Budapest-based analysts at Raiffeisen Bank International AG (RBI), said in an e- mailed note today.
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