Monti sees crisis resolution in the united action

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Source: BBC

Italian PM announced the Euro Zone members should act jointly to resolve the region's debt crisis. Despite two successful bond auctions, Italy is still far away from getting out of recession, he added. Italy raised about 7bn euros of debt at the today's auction. Italian 10-year bonds' interest rate stands at 6.98%, the level considered to be hardly sustainable.

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Thu, 29 Dec 2011 14:53:26 GMT

Soybeans near seven-week high

Soybean futures eased down but traded close to seven-week high as market eyed unfavorable weather forecast for South America. Soybeans futures for delivery in March traded at USD12.0375 a bushel at the early European trade, on the Chicago Mercantile Exchange, edging down 0.3%.

Thu, 29 Dec 2011 15:02:56 GMT

Nikkei 225 slightly down by 0.3%

On Thursday Japan's Nikkei Stock Average fell 0.29% or 24.73 points and closed at 8,398.89 as export dependent companies tumbled on European anxiety. Japan's technology exporters were the main losers in Tokyo, affected by the drop in the European common currency against the Japanese Yen. Sharp Corp. declined 3.2%, Casio Computer Co. traded down 2.7% while Advantest Corp. decreased 1.1%. Equities of Elpida Memory Inc. lost

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