Stocks in Switzerland reach lowest level this year

Note: This section contains information in English only.
Source: Bloomberg
Unresolved coalition dillema in Greece depressed stock prices of Swiss companies to the bottom level this year. Swiss Market Index dropped by 0.4% to 5953.74 and Swiss Performance Index shrank 0.3% during morning trade. Actelion and Novartis AG lost 1.3% and 0.7% of their value respectively. Holcim managed to experience 1.2% gain after promising to present cost-cutting plans next week. 
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Wed, 09 May 2012 11:56:20 GMT

Spanish 10-year bond yields above 6%

Spanish 10-year bond yields topped 6% level on Wednesday. This happened for the first time since April 26. Specialists state that this is happening due to continuing  political turmoil in Greece and Spanish government plans to bail out its fourth largest bank Bankia SA announced earlier this week.

Wed, 09 May 2012 10:34:06 GMT

Gold prices fell

Gold prices fell to their lowest level in four months due to the renewed Eurozone concerns gain attention. Greece appears to be unable to form a government, while Hollande's victory in the France's presidential election increased worries concerning possible tensions between France and Germany. Gold futures for May delivery decreased by 2.1% to $1604 an ounce. 

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