European shares lifted by Greek elections

Note: This section contains information in English only.
Source: Marketwatch
European markets traded mostly higher on Monday as the initial results of Greek elections signalled the new coalition is likely to be pro-austerity oriented. Nevertheless gains were limited as Spanish 10-year borrowing costs reached all time record high of 7.13%. Stoxx Europe 600 traded flat. French CAC gave up 0.7% while German DAX added 0.3%. British FTSE 100 gained 0.2% and Athens General index surged 3.6%. Spanish IBEX 35 slumped 3%. 
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Tue, 19 Jun 2012 08:41:58 GMT

Gold remains flat on Spanish debt concerns

On Tuesday, futures for gold erased losses and were traded steady during Asian trading session, as investors were focused on Spanish debt problem rather than on market-friendly elections in Greece. On the NYMEX, August delivery futures for gold were traded at USD1,627.45 per troy once, adding 0.03%. Earlier, contracts peaked at USD1,629.75 and hit the bottom at USD1,626.95.

Tue, 19 Jun 2012 07:57:57 GMT

G-20 raises pressure on Germany to save Spain

During their meeting in Mexico the leaders of the Group of 20 countries put emphasis on stabilizing European banking system adding pressure on German leader Merkel to boost rescue tools as Spain's crisis worsen. Merkel, however, keeps rejecting the ideas of boosting deficit spending or pooling Eurozone debt.

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