Italy's public debt reached new record highs

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Source: CNBC
As reported by the Bank of Italy, nation's public debt rocketed to an all-time high of around 2 trillion euros. The Italian public debt rose by 6.6 billion euros at the end of June, pushing government's borrowing costs closer to 6% level, despite implemented austerity measures. Moreover, Italian economy diminished by 0.7 per cent in the Q2, and erased 2.5 per cent compared to a previous year.
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Mon, 13 Aug 2012 19:43:29 GMT

European stocks turned lower on data

European stocks turned lower on Monday, as decelerated Japan's economy outweighed increased demand for Italian bonds. The Stoxx 600 Index tumbled 0.4 percent to 268.72, after ten weeks of gains. At the same time, the U.K.'s FTSE 100 was down by 0.3 per cent, German's DAX Index retreated 0.5 per cent, while France's CAC 40 Index and Italy's FTSE MIB Index erased 0.3 per cent

Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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