German bond auction signals deepening crisis

Note: This section contains information in English only.
Source: Marketwatch
The sale of German 10-year notes worth €6 bn attracted bids worth only €3.889 bn. Bundesbank was forced to pick up remaining €2.356 bn. According to Nick Stamenkovic, RIA Capital's fixed-income economist, the poor auction indicates that investors are turning away from Eurozone. Germany's 10-year yields increased by 12 bp reaching 2% in the secondary market.
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Wed, 23 Nov 2011 14:31:32 GMT

US: demand for durables decreases

Orders for durable goods in US decreased by 0.7% in October; the sector was mainly affected by a fall in commercial transportation. However, the decrease is lower than expected as the forecast was 1.5% decline. Bookings for transportation devices, extremely volatile sector, were down by 4.8% while orders for aircraft fell by 16.4%.

Wed, 23 Nov 2011 14:09:09 GMT

Downward revision of US growth pushes S&P 500 down

On Tuesday S&P declined for the fifth session in a row dropping 0.4% or 4.94 points and closing at 1,188.04. Utility and energy companies led the decline while consumer staples and health care were the best players among 10 industries. Hewlett-Packard Co a blue-chip company lost 0.8% after Meg Whitman, chief executive recommended investors to reduce expectations about fiscal performance in 2012.

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