Euro Weakens as Spanish Bonds Decline, Oil Retreats

Posted by Forexsq 1024 days ago (
img The euro weakened and Spanish bond yields climbed to a six-week high. Oil fell after the longest rally since 2004 while U.S. stock-index futures were little changed before a report on factory orders.

The euro declined 0.4 percent to $1.3587 at 10:15 a.m. in London. Spanish 10-year government yields jumped 12 basis points to 5.32 percent. The Stoxx Europe 600 Index rose less than 0.1 percent as Royal Imtech NV plunged 39 percent. Standard & Poor’s 500 Index (SPX) futures added less than 0.1 percent. The Shanghai Composite Index climbed to the highest since May after growth in the nation’s service industries accelerated. Oil in New York slid 0.6 percent and zinc gained to a one-year high.

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