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Europe closes lower, giving up sizable early gains as the ECB reiterates it will take no action...

Europe closes lower, giving up sizable early gains as the ECB reiterates it will take no action until Spain submits to a bailout, i.e., until conditions get worse. The Spanish 10-year yield rises 10 bps to 5.90% after an auction which was labeled a success just because buyers showed up. Stoxx 50 -0.3%. The euro +0.7% to $1.2993.
Comments (1)
  • june1234
    , contributor
    Comments (2655) | Send Message
     
    Spain has a 25% unemployment rate. I call that submitting.
    4 Oct 2012, 11:55 AM Reply Like
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