Economy

xchrom

(108,903 posts)

11. Stocks Rise in Europe on Debt Sales as U.S. Futures Gain; Sugar Advances

Tue Dec 13, 2011, 07:53 AM

Dec 2011

http://www.bloomberg.com/news/2011-12-13/asian-stocks-decline-as-aussie-weakens-on-european-sovereign-debt-concern.html

European stocks gained after German investor confidence unexpectedly increased and Spain sold more debt than planned at an auction. U.S. index futures rose before a report that may show American retail sales advanced.

The Stoxx Europe 600 Index added 0.5 percent at 7:25 a.m. in New York. Standard & Poor’s 500 Index futures jumped 0.6 percent. The yield on the Spanish two-year note fell 31 basis points to 4.16 percent. The 10-year Italian yield rose 11 basis points, after climbing as much as 19 basis points. Sugar, gasoline and aluminum led commodity gains.

The ZEW Center for European Economic Research in Mannheim, Germany, said its index of investor and analyst expectations increased to minus 53.8 in December from a three-year low of minus 55.2 the previous month. Spain sold 4.94 billion euros ($6.5 billion) of bills, more than the maximum target of 4.25 billion euros. Sales at U.S. retailers probably rose 0.6 percent last month, economists said before a Commerce Department report.

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STOCK MARKET WATCH, Tuesday, December 13, 2011 [View all] Pale Blue Dot Dec 2011 OP

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oh that tansy... xchrom Dec 2011 #28

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