Knut names Germany as main hurdle to bailout fund

Source: Bloomberg
Germany has to support more financing to boost emergency bailout fund and rescue the Euro Zone, said Klaas Knut, the member of ECB Governing Council. German officials are likely to refuse increasing financing for the Euro Zone bailouts. Angela Merkel has refused calls to intensify bailout funding, instead emphasizing the role of budget discipline as a tool for curtailing debt crisis.

 

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Fri, 06 Jan 2012 08:41:30 GMT

Euro extends decline against Yen and US Dollar

17-nation currency traded 0.2% from 11-year record low on Friday morning as expectations about fading spending and consumer confidence amid surging French yields boosted anxiety among investors. The Euro depreciated to $1.2784 in London and tumbled against Japanese Yen to ¥98.70. Currently EUR/USD is trading at $1.2778 and EUR/JPY is trading at ¥98.60. 

Fri, 06 Jan 2012 08:49:06 GMT

Copper futures tumble after French bond auction

Copper futures tumbled to one-week low on the persistent worries over the Euro Zone financial difficulties after French bond auction. COMEX copper for delivery in March traded at USD3.413 a pound during the early European Thursday's trade, on the New York Mercantile Exchange, decreasing by 0.61% since opening.

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