Cable drops versus Euro

Source: Bloomberg
Great Britain's pound weakened against 13 out of 16 major pairs today. It depreciated against euro for the first time in five trading days after Greece's pro-bailout parties received grater support in polls. By 8:30 GMT today, cable lost 0.5% of its value and dropped to 80.32 pence per Euro, but gained 0.2% against USD and was USD 1.5699 per pound after dropping to USD 1.5631 per pound last week, lowest level since mid march this year. 
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Mon, 28 May 2012 10:45:58 GMT

Japanese stocks fell on Monday

Tokyo Stock Price Index, which includes all companies listed in the first section of Tokyo's stock exchange, fell to four month low on Monday after Bank of Japan stated it won't automatically increase asset purchases. Index closed at 721.11 losing 0.1% today and posing for a monthly dip of 8.7%. Renesas Electronics, one of worlds largest automotive electronic producers, retired

Mon, 28 May 2012 10:23:59 GMT

Spain-German spread above 500 basis points

Spain's intentions to recapitalize Bankia using sovereign debt triggered investors doubts and drove demand for Spanish bonds down. For the first time after May 15 the Spain-German 10 year maturity bond yield spread exceeded 500 basis points. At 8:00 GMT yield for Spanish securities reached 6.4% in comparison to 1.38% of German. 

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