European stocks open higher amid hopes on bailout expansion

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Source: Marketwatch
© Scanpix/Reuters

European shares traded up on Wednesday morning trading session as European leaders reported they have agreed on significant bailout fund expansion. Stoxx Europe 600 index gained 1% reaching 244.18, German DAX 30 index rose 1.5% to 6,121.75 while French CAC 40 index added 1.8% attaining 3,235.31. FTSE 100 Index edged up about 1%, reaching 5,624.88.

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Wed, 07 Dec 2011 12:58:42 GMT

Germany sells five-year notes

Germany sold 4.09 billion euros of notes maturing in five years with an average 1.11% yield. The Bundesbank, the responsible institution for conducting government's auction, announced it got 8.67 billion euros bids for the notes. The Bundesbank has set aside 910 million euros for secondary market operations made by Finance Agency.

Wed, 07 Dec 2011 12:29:31 GMT

Sweden to keep ignoring euro

Sweden is not expected to become a Eurozone member even in long term period after Swedish support for joining Euro dropped to all time low in November. According to Skop poll, less than 10% of Swedes support switching from krona to euro. Anders Borg, Sweden's FM said it will take a lot of time and much effort in terms of austerity measures before Sweden will

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