European bond yields rose on ratings downgrade

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

European sovereign bond yields increased after Standard & Poor's Ratings Services downgraded the credit rating of 15 euro-zone countries. Italian 10-year bond yield increased by 20 basis points to 6.05%, those of Spain edged up to 5.17%, while German 10-year bond yields gained 2 basis points to 2.33%, French similar bonds now yield 3.19%.

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Tue, 06 Dec 2011 10:04:33 GMT

China's property prices to decrease

China's real estate pieces are expected to fall by 20% by the end of 2012 from their peak during the property boom in 2011, reported Credit Suisse. The tightening measures implemented by the government are likely to prolong a slump thus worsening the country economic outlook, the bank added.

Tue, 06 Dec 2011 10:03:11 GMT

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Swiss CPI decreased in November for the second moth in line, according to official data. The CPI, main gauge of inflation, dropped by 0.2% last month as compared to 0.1% decline in October, reported the Swiss Federal Statistics Office. Consumer prices declined by 0.5% on annual basis in November and 0.1% in October. Experts previously projected the yearly rate to fall by 0.3%.

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