Borrowing costs for Spain continue to rise

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Source: Forexpros

Spain witnesses an increase in costs for borrowing as it was selling its government debt on Thursday. Spain's treasure managed to sell five-year government bonds worth EUR602 million at the average 6.072% yield, which was a sharp increase from the last month's 4.752%. Whereas three-year and two-year bonds were sold having the average yield equal to 5.547% and 4.706%.


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Thu, 21 Jun 2012 11:21:03 GMT

Coppers fell to a 1-week low on fears about global growth

Futures for copper dropped in early European trade on Thursday, following weak data about global economy, and Fed's decision on monetary policy. On the Comex, July delivery futures for copper were traded at USD3.344 per pound, losing 1.3% in European morning trading session. Earlier, contracts were traded at USD3.333, which was a 1.75% fall.

Thu, 21 Jun 2012 10:59:02 GMT

Manufacturing PMI in Germany fell to a 36-month low

Markit, a market research group, reported that manufacturing PMI for Germany dropped 0.5 points in June, reaching 44.7, whereas in May it was 45.2. Analysts' forecast was that the figure for the last month would be 45.2. June's PMI reached the lowest level for the last three years on market's concern about the impact of Eurozone debt crisis on the German economy.

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