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$10 billion Italian bond sale boosts Europe (EWU, EWG)

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Markets across the world perked up as investors bought about 7 billion euros in Italian bonds on Thursday, leaving yields on 10-year Italian bonds down at 6.98%, from a record high of 7.56% in November.

Sentiment coming from Asia was mixed.

Australian stocks ( EWA , quote ) dove 0.45% as concerns that Europe's economic woes may affect China sent mining stocks down. BHP Billiton and Rio Tinto fell 0.2% and 0.4%, respectively.

In Tokyo ( EWJ , quote ) the market dipped 0.29%. Olympus stocks jumped 5.35% even though the camera and medical equipment manufacturer continues to face the fallout from a $1.7 billion bookkeeping scandal.

But in Seoul, the KOSPI ( EWY , quote ) rose 0.03% despite news that industrial output fell 0.4% in November, the fourth decline in five months. While the country's industrial output had previously been projected to rise 6.2% from last November, actual growth stood at 5.6%.

In Shanghai, Chinese shares ( YAO , quote ) rose 0.16%. Singapore shares ( EWS , quote ) climbed 0.24%.

Italy's bond auction largely boosted European markets, with London's FTSE up 0.16% and the DAX up 0.38% by mid-morning.

The Chinese yuan fell 0.04% against the dollar to 6.3185. The Japanese yen fell 0.14% to 77.82 to the greenback.

Similarly in Europe, the British pound depreciated 0.43% to $1.5385 and the euro dipped 0.39% to $1.2886.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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