European stocks down after Fed announcement

Note: This section contains information in English only.
Source: Marketwatch
On Wednesday European equity markets opened lower led by mining companies and financials after Federal Reserve decided to keep benchmark interest rates untouched and did not extend quantitative easing program. Stoxx Europe 600 index lost 0.5% at 236.18, while French CAC 40 index tumbled 0.8% reaching 3,053.09. UK FTSE 100 index traded down 0.7% at 5,451.84 and German DAX 30 index declined 0.8% attaining 5,736.54.

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Wed, 14 Dec 2011 10:23:55 GMT

Italian 5-year bonds drop ahead of auction

Italian five-year bills declined on Wednesday as country was going to sell notes with a total value of around 3bn euros. Borrowing costs on Italian bonds surged 11 b.p. reaching 6.9% in London morning trade. 10-year yields climbed 9 b.p. to 6.77%, while yields for 2-year bills ascended 25 b.p. at 5.91%.

Wed, 14 Dec 2011 10:20:58 GMT

Monti's plan threatened by radicals

Italian officials have received letters containing bullets and letter bombs in last few days as extremists protest against austerity plan. An official from Equitalia, Italian tax collection agency was injured in face and hand after opening a letter bomb. Italian radicals claimed they have also tried to attack Josef Ackerman in a similar way. Monti said that violence should be stopped before it turns into

Wed, 14 Dec 2011 10:16:46 GMT

Difficulties for foreign trade in China

China is likely to experience difficulties in the foreign trade next year as world's economic outlook remains bleak, said commerce official. The country faces new challenges like higher production costs, weaker demand and tough competition, the official added. The expansion of foreign trade has slowed to 17.6% last month, edging down 4% from the preceding month's level.

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