The Euro gains versus the falling Yen

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Source: Forexpros

On Tuesday, the Euro was growing versus the Japanese Yen, but gains seemed to be capped by Spanish worries and uncertainty over Greek elections. EUR/JPY peaked at 99.79, and later consolidated at 99.40, which was a 0.23% growth since the beginning of the European afternoon trading session. The pair's support is likely to be found at 98.52, whereas resistance may be at 100.61.

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Tue, 12 Jun 2012 15:27:40 GMT

Spain bonds continue to drop

Spain bonds dropped one more day after Fitch Ratings agency announced that government led by Prime Minister Mariano Rajoy will fail to reach budget deficit targets. The yield of a 10 year government debt increased by 17 basis points reaching 6.68%. The spread against German bunds increased by 9 basis points and reached 5.29% by 2 a.m. GMT. European commission forecasts 6.4% and 6.3% Spanish budget

Tue, 12 Jun 2012 18:57:39 GMT

U.K. stocks gain on miners

U.K. markets edged higher during a choppy session this Tuesday on the growth of miners. The FTSE 100 index rose 0.5 per cent to 5,461.78, while Barclays retreated 1.7 per cent and Lloyds Banking Group PLC slumped 1 per cent.

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