European equities advance to highest since May 2008

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Source: Bloomberg
European shares swung between gains and losses on Monday with the benchmark stock index Europe 600 jumping towards the strongest level in more than five-and-half year. The Stoxx 600 gauge slid 0.1% to 327.49 as of 8:11 a.m. London time and it has advanced 0.7% in December, while last week the index gained 2% after the IMF signalled it may raise growth outlook of the U.S.

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Mon, 30 Dec 2013 11:18:07 GMT

French court approves 75% income tax

The Constitutional Court of France approved an increase of the income tax to 75% for people earning above one million euros. Therefore, the proposal of country's president Francois Hollande got the official permission to be introduced. Companies will pay a 50% tax on wages that exceed one million euros, but together with other social charges the amount will rise to

Mon, 30 Dec 2013 10:56:04 GMT

German bunds are little changed before Italy's auction

German government bunds fluctuated on Monday before a today's auction of Italy's debt totaling 5.5 billion euros of 5-year and 10-year securities and before a euro-area report showing that manufacturing in the Eurozone rose more than forecast in December. German benchmark 10-year yields traded at 1.96% by 7:20 a.m. in London, the most since September 23.

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