11 Apr, 2012

European market sector

European markets moved higher on Wednesday, making a slight recovery from Tuesday’s steep losses.   German and French indexes were up almost 1.5{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}, while in London the FTSE 100 was up 0.6{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}.

The Italian government raised 11bn euros ($14.4bn; £9.1bn) on the money markets on Wednesday morning. There was plenty of demand for the government bonds, some of which are to be be repaid in a year, some in three months.  But to borrow for one year the Italian government had to pay interest of 2.84{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}, up from 1.41{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e} at a similar auction in mid-March.

The Nikkei 225 index shed 0.8{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}. Elsewhere, Hong Kong’s Hang Seng and Australia’s ASX 200 also dropped 1{6060b2de664e4eaa3e7b7e86961ce2c4bbd7a29b6c1097abf8257a4e5b07383e}.

Credit: onrec.com


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