European equities gain on hopes for Greece debt resolution

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/reuters
European shares advanced the second day as euro-area's finance ministers will decide on Greek debt financing and hopes Israelis and Palestinians will agree to truce. The Stoxx Europe 600 Index (SXXP) climbed 0.3% to 269.49, continuing its yesterday's gain of 2.2%. The index has surged 15% from its June's low when ECB launched the unlimited bond-buying program. The U.K.'s FTSE 100 soared around 0.1%, while the DAX index added 0.6%.

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Wed, 21 Nov 2012 09:57:59 GMT

Euro weakens as European leaders fail to agree on Greece

The 17-nation currency weakened versus the U.S. Dollar, trimming a two-day advance, as European leaders did not reach a decision on assisting debt-laden Greece. The Euro dropped against all of the major counterparts as Luxembourg Finance Minister Luc Frieden said European officials will continue discussion on November 26. The Euro fell 0.5% to $1.2754 and lost 0.3% to 104.36 yen. 

Tue, 20 Nov 2012 19:00:57 GMT

Copper falls on debt worries

On Tuesday, copper declined during European morning trading hours, since appetite for risky assets was undermined after Moody's downgrade of France. On the Comex, December delivery futures for the metal were traded at $3.515 per pound, which was a 0.35% daily gain. Earlier, the commodity lost 1.1% and hit $3.513, which was a session low.

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