German shares fall for a second straight day

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
German shares retreated the most in approximately seven days after Portugal's lawmakers lost the coalition partner's leader, restoring concern that Portugal will stop its plan to cut spending. The DAX fell 1.7% to 7,776.74 as of 11:51 a.m. Frankfurt time; moreover, the equity-benchmark has declined 8.9% since May 22. The HDAX Index also slipped 1.7%.
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Wed, 03 Jul 2013 13:11:07 GMT

Portugal 10-year yield rises above 8% as Spain's bonds slip

Portugal's bonds declined, sending 10-year note yields over 8% for the first time since November, as two of Portugal's ministers resigned from the government. Portuguese 10-year bond yield advanced to 7.94% and the 4.95% note maturing in October 2023 decreased 7.65 to 79.45. Spanish 10-year security yields jumped to 4.75%.

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