European shares fell on regained debt worries

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Source: Marketwatch
European stock markets traded notably lower on Wednesday day as Spanish and Italian borrowing costs surged on renewed debt concerns. Spanish IBEX 35 index plunged 3% while Italian FTSE MIB index tumbled 5%. French CAC 40 index dropped 3%, German DAX fell 2.5% and British FTSE 100 index lost 2.2%. In contrast Athens General index gained 3.2% on successful bond auction. 
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Wed, 11 Apr 2012 07:24:33 GMT

Crude approaches close to 8-week low

Crude oil traded close to a 8-week record low as reports showed US stockpiles increased. May crude futures slightly climbed during Asian session on Wednesday, adding USD 0.23 to USD 101.25 a barrel. The same contract fell 1.4% yesterday to USD 101.02 a record low since February 14. Brent oil to be delivered in May also gained USD 0.23 to USD

Wed, 11 Apr 2012 06:21:20 GMT

Spanish borrowing costs surge on speculation for bailout

Spain's EUR 10 billion austerity measures did not ease investor worries the country is likely to be the next to demand a bailout. The borrowing costs for Spanish benchmark 10-year bills rallied almost 20 basis points to 5.94% on Tuesday after Miguel Angel Fernandez Ordonez, the Governor of the Bank of Spain said the country's financials may need extra capital

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