Deficit Concerns Resurface on Fringe of Eurozone
Sunday, June 20, 2010 8:00Posted in category stock market
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After bonds in the periphery countries of the eurozone all sank on renewed concerns over fiscal deficits, the stock markets were cautious and the euro eased against the dollar.
The bonds of Spain, Portugal and Greece fell in tandem, pushing their yields sharply higher and their spreads over benchmark German Bunds wider, as nerves crept back into the debt markets after several days of relative calm.
The analysts expected that some retracement given tha lots of global stock indices had advanced strongly over the past week.
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