Peripheral bonds slump and the starch is taken out of a European stock rally after weak Spanish...

|By:, SA News Editor

Peripheral bonds slump and the starch is taken out of a European stock rally after weak Spanish and Italian bond auctions. "If you think that the market is buying into the EU summit of last week, then you'd expect to see better T-bill auctions," says a strategist. Stoxx 50 -0.2%.