Tuesday, August 02, 2011

Global outlook gloomier and gloomier:

Global outlook gloomier and gloomier:

Investors dealt Italy and Spain a battering Tuesday as the yields on their bonds struck euro-era highs amid mounting fears that an economic slowdown will hurt their chances of dodging Europe's spreading debt crisis.

The yield for the Spanish 10-year bond rose as far as 6.45 percent, the highest since the euro was created.
Dollar Sinks to Low Against Swiss Franc
The dollar hit a record low against the Swiss franc on concerns about a slowdown in economic growth.

The Swiss franc is considered a safe-haven currency and tends to gain in times of turmoil.
UPDATE: MORE HERE.

No comments:

Post a Comment