US stock futures up on German and Italian debt auction

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Source: Marketwatch

US stock index futures climbed higher after investors absorbed the results from German and Italian bond auctions. Futures on the Standard & Poor's 500 Index rose 3.9 points at 1,224.1, while those on Nasdaq 100 traded almost flat at 2,268.2. Dow Jones Industrial Average futures gained 24 points reaching 11,919. 

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Wed, 14 Dec 2011 13:38:06 GMT

Tele2 decreased growing perspectives in Russia

Sweden's Tele2, telecommunications operator, decreased its forecast on the growth of the number of customers in Russia and announced it will concentrate on the existing customer base rather than attracting new clients. Currently, the company expected to have about 20.7 million clients in Russia next year as compared to 21 million earlier predicted. However, Tele2 believes Russia is the main growth market for the company.

Wed, 14 Dec 2011 15:08:38 GMT

Italy and Germany auction domestic bonds

On Wednesday Italy and Germany sold bonds with sharply contrasting yields for same maturity bills. While Germany sold 2-year bills worth €4.18 bn at an average cost of 0.29%, Italian central bank had to pay 6.47% on €3 bn five-year notes, a new euro era record high. To compare, in November Italian borrowing cost for same maturity papers was 6.29%. 

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