Italy takes part in first bond auction after Spain's bailout

Source: Bloomberg
Today Italy participates in the first debt auction since Spain's bailout. Italian Treasury prepares to sell three-year, seven-year and eight-year bonds of total value at EUR 4.5 billion. Italy's central bank aims to persuade traders that the nation won't follow Spain's footsteps and require a rescue. 
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Thu, 14 Jun 2012 09:51:45 GMT

Boeing 747-400 prices drop on fuel costs

The demand and therefore also the prices for so far the most popular passenger plane Boeing 747-400 are dropping as airlines are in hurry to replace fuel inefficient planes with new economic models. Currently 10 years old 747-400 costs around USD 36 million or 10% less than similar aged air plane a year ago. Leading airlines are replacing their Boeing 747-400s with Airbus, 777-300ERs etc.

Thu, 14 Jun 2012 07:39:43 GMT

European stocks mostly lower after US retail data

European stock indices ended mostly into red on Wednesday on disappointing US retail sales data. Stoxx Europe 600 fell 0.4%, German DAX slipped 0.1% and French CAC 40 index gave up 0.6%. Spanish IBEX 35 breached the negative trend and surged 1.4% after heavyweight retail company Inditex posted better than predicted earnings. UK FTSE 100 index managed to gain 0.2%. 

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