Spanish notes climb while French drop

Note: This section contains information in English only.
Source: Bloomberg
Spanish 2-year bonds surged for the seventh consecutive day amid speculation banks purchased debt to exploit it as a collateral. French sovereign notes declined first time in 5 days after Fitch has cut nation's outlook. Yield on Spanish 2-year bills lost 12 b.p. to 3.34%, while their French counterparts jumped 9 b.p. to 1.0%. France's 10-year borrowing costs added 13 b.p. reaching 3.19%.

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Mon, 19 Dec 2011 12:08:36 GMT

Dow Jones closed lower on Friday

Dow Jones Industrial Average gave up 0.02% or 2.42 points and closed at 11,866.39 on Friday. Index gained 99 points in morning trade after Italian government approved austerity measures. Gain was offset later by Fitch Ratings report saying the agency may downgrade debt of Spain, Italy and 4 other countries. Main gainers were Home Depot Inc. and Microsoft Corp. adding 2.54% and 1.72% respectively. On the

Mon, 19 Dec 2011 12:02:17 GMT

SAAB fills for bankruptcy

SAAB automobile, the Swedish car producer submitted filing for bankruptcy after it failed to find investors ready to save company running for 74 years. Saab's staff totals around 3,600 employees. In September SAAB got a protection from lenders and has been searching investors since then. In 1990 SAAB was acquired by General Motors which sold the company to Swedish Automobile in 2010.

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