Germany does not support common bonds issuance

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Source: Marketwatch
© Scanpix/AFP

Germany announced that the country does not support issuance of common bonds among triple-A-rated euro-zone members aimed at stabilizing their credit rating and establishing a barrier from spreading euro-zone crisis. Instead Germany suggested adopting stricter budget control among the members and rejecting budgets in case they break the limit.

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Mon, 28 Nov 2011 14:49:53 GMT

FTSE 100 rebounds first time since November 11

FTSE 100 surged after weekend reports suggesting that EU officials have made progress in taming region's debt crisis. The index is experiencing the first rebound since November 11. At the moment of writing FTSE 100 is 2.3% up at 5,283.48. Similar to Asia, banks and mining companies contributed positively to the index. Lloyds Banking Group PLC edged up 5.0% while shares of Antofagasta PLC increased 4.3%

Mon, 28 Nov 2011 14:52:31 GMT

Silver and Copper gain on weaker dollar

Silver and Copper futures increased on the Comex division of the New York Mercantile Exchange showing a positive correlation with the gold futures that increased on the weaker USD against Euro. Silver for March delivery surged by 2.95% to USD 32.01 a troy ounce while copper futures for March delivery gained 3% to USD 3.382 a pound.

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