Italian stocks plunge, bond yields soar to record on bailout concerns
Italian stocks plunged 7.07 percent on Tuesday amid concerns that Italy could be dragged further into the escalating eurozone debt crisis, local media said.
Dollar rises against major currencies
The U.S. dollar on Wednesday rose against the major currencies on positive U.S. economic data and uncertainties of European debt crisis.
Chicago grains rally on positive economic outlook, weak dollar
Chicago grains posted a collective hike in all of its three major products on Monday, gaining support from positive economic news from China and Europe. Besides, a weaker dollar gave additional push to the grain market.
Chicago wheat rises on optimism over eurozone deal, weaker dollar
Chicago wheat price rallied on Friday, along with other commodities, amid cautious optimism that EU leaders were close to agreeing to a credible plan for the currency union’s bailout fund. Corn and soybean failed to hold on to earlier gains.
Gold recovers on weaker dollar, bargain-hunting
Gold futures on the COMEX Division of the New York Mercantile Exchange rebounded on Friday,ending a four-session losing streak, as weaker dollar increased the appeal of gold as an alternative asset. The recent price drop also encouraged bargain hunters to re-enter.
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