European car sales decline led by Fiat, GM and Peugeot

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Source: Bloomberg

General Motors Co, PSA Peugeot Citroen and Fiat SpA ran the biggest drop in European vehicles sales in 5 months as the Europe's economy tumbled closer a recession. In November registrations lost 3% from 1.10 m vehicles in 2010 to 1.07 m cars this year, the biggest fall in 5 months, said the Association of European Automobile Manufacturers. 11-month sales fell 1.1% to 12.6 m registrations.

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Fri, 16 Dec 2011 13:27:20 GMT

France's business confidence falls

In December France's business confidence declined for the sixth consecutive month as European debt turmoil deterred investment and threatening to push the country's economy into stagnation. Factory managers' index dropped from 96 to 94. Investors are reluctant to invest in France as S&P 500 is assessing whether to downgrade nation's AAA rating.

Fri, 16 Dec 2011 13:25:47 GMT

Treasury 10-year bills drop on US growth

Treasury 10-year bonds traded down for a second consecutive day as positive employment and manufacturing data from US relieved investor concern that deepening Europe crisis will harm country's growth. Drop in anxiety boosted demand for riskier assets. Borrowing costs on 10-year notes added 2 b.p. or 0.02 percentage points reaching 1.93% in London trade. 

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