Portugal 10-year yield rises above 8% as Spain's bonds slip

Source: Bloomberg
Portugal's bonds declined, sending 10-year note yields over 8% for the first time since November, as two of Portugal's ministers resigned from the government. Portuguese 10-year bond yield advanced to 7.94% and the 4.95% note maturing in October 2023 decreased 7.65 to 79.45. Spanish 10-year security yields jumped to 4.75%.
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Wed, 03 Jul 2013 13:22:12 GMT

Hong Kong shares retreat after China's services PMI falls

Hong Kong shares declined, with the Hang Seng Index falling for the second day in a row, after its retail sales were against the expectations and China's services industry's growth was slower than expected. The Hang Seng Index slid 1.4% to 20,379.48 at 9:51 a.m. Hong Kong time, while the Hang Seng China Enterprises Index fell 2.3% to 8990.34.

Wed, 03 Jul 2013 13:00:05 GMT

German shares fall for a second straight day

German shares retreated the most in approximately seven days after Portugal's lawmakers lost the coalition partner's leader, restoring concern that Portugal will stop its plan to cut spending. The DAX fell 1.7% to 7,776.74 as of 11:51 a.m. Frankfurt time; moreover, the equity-benchmark has declined 8.9% since May 22. The HDAX Index also slipped 1.7%.

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