The Euro declines amid political turmoil in Portugal

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Source: Bloomberg
The Euro declined against the U.S. Dollar for a second consecutive day as yields on Portuguese bonds rose above 8% due to resignation of two ministers, which lead investors to speculate that debt-crisis in Europe is getting worse. The 17-country bloc's currency dropped 0.4% to $1.2931 after yesterday's decline of 0.7%. The Euro also declined 1% against the Yen to 129.29.
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Wed, 03 Jul 2013 10:41:07 GMT

Gold swings on speculation

The Yellow metal price moved a lot between gains and losses as investors speculated on its growing physical demand versus monetary stimulus reduction, while silver advanced. Spot gold was at $1,246.32 an ounce as of 2:47 p.m. Singapore time compared to $1,243.50 on Tuesday. The bullion dropped to $1,180.50 on June 28, the weakest since August 2010. Silver for immediate delivery

Wed, 03 Jul 2013 10:19:15 GMT

Swiss shares fall for second straight day

Shares in Switzerland slid for a second straight day as S&P downgraded its second-largest bank and on increasing oil prices. The Swiss Market Index fell 1.4% to 7,622.58 as of 9:54 a.m. Zurich time; moreover, the gauge has dropped 9.3% since the Fed's Bernanke statement on May 22. The Swiss Performance Index slipped 1.3% today.

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