European shares are firmly higher following Spain's latest austerity budget yesterday and ahead...


European shares are firmly higher following Spain's latest austerity budget yesterday and ahead of the results of stress tests today about how much money the country's banks need. Euro Stoxx 50 +0.3%, London +0.4%, Paris +0.4%, Frankfurt +0.5%, Madrid +0.6%, Milan +0.3%. Spanish 10-year yields +1 bps to 5.96%.
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