Global Indices & Markets News
Weaknesses in U.S. economic figures
U.S. economy shows sign of weakness from the economic figure recently. Confidence among U.S. consumers fell more than forecast in March as Washington’s budget battle soured Americans’ views of the economic outlook. Sales of new U.S. houses in February capped the best back-to-back months in more than four years, spurred by near record-low borrowing costs and improving job prospects.
Rescue of Banks in Eurozone
Heads the Eurogroup of euro-zone finance ministers said when failing banks need rescuing, euro-zone officials would turn to the bank's shareholders, bondholders and uninsured depositors to contribute to their recapitalization.
IMF commented on Banks in Italy
Italy's banking sector is well capitalized but still faces risks because of a prolonged recession and exposure to sovereign debt, the International Monetary Fund (IMF) said on Tuesday.
Italian Bond Yield Up
The euro came under renewed pressure after a debt auction in Italy saw borrowing costs climb to five-month highs as investors demanded more premiums in the face of prolonged political uncertainty.
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