Spain sold 3 billion euros of debt; interest rate grows

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Source: Marketwatch
On Thursday, the government of Spain sold EUR3 billion of 3,5 and 10- year debt with increasing interest rates.During the auction sale of 10-year bonds, Spain paid an average interest rate of 6.43%, while in the beginning of June it was 6.04%.
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Thu, 05 Jul 2012 12:03:39 GMT

Demand for German goods rises

Orders for German factories unexpectedly rose in May. Demand mainly came from Europe and an increase was equal to 0.6% compared to April indicators. Investment goods sales rose by 0.2%, whereas orders from EU jumped by 11%. Experts attributed an increase to active exporting and record low unemployment rate in Germany. Meanwhile  the ECB may cut interests rates on Thursday 04.07.2012 to stimulate lending and

Thu, 05 Jul 2012 16:39:40 GMT

European markets steady ahead of ECB and BoE meetings

On Thursday, the stocks on European markets were almost unchanged ahead of the  ECB and the Bank of England meetings as well as Spain and Ireland's auctions. Traders awaited freash easing measures from the ECB and BoE. The Stoxx Europe 600 index stood at 257.41, with financials, oil, food and drug sectors facing strong pressure.

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