German bond yields climb on Greek deal

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Source: Bloomberg
The borrowing costs on German bunds climbed to three month record high after Greek PM Lucas Papademos got parliamentary support for a EUR 130 billion rescue package, curbing demand for safe securities. The yields on 10-year German notes added two basis points, reaching 2.06% on Wednesday. Germany's bills marked the sixth decline in seven days.
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Wed, 21 Mar 2012 12:26:12 GMT

UK budget shortfall doubled in February

British budget gap nearly doubled in February on improved spending and drop in taxes, the Office for National Statistics reported on Wednesday. The net borrowing eliminating support for lenders reached GBP 15.2 billion compared to a GBP 8.9 billion a year ago. The analysts questioned by Bloomberg earlier predicted a deficit of around GBP 8 billion. 

Wed, 21 Mar 2012 11:23:17 GMT

Nikkei 225 index drops 0.6% after holiday

Japan's Nikkei Stock Average tumbled on Wednesday as investors returned from holiday and anticipated news from China. Nikkei 225 index fell 0.55% or 55.50 points and closed at 10,086.49. Nissan Motor lost 2.9% after car maker presented its spending plans including the revival of its Datsun brand after 30 years. Exporters added to loss with Sony falling 4.5%, Toyota Motor

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