Europe Stocks Drop on ECB Greek Lending; Spanish Bonds Decline
Monday, 21. May 2012 0:58 | Author:Admin
May 17 (Bloomberg) — European stocks dropped for a fourth day as the regions central bank suspended lending to some Greek banks. Spanish bonds fell after borrowing costs rose at a debt sale, while US equity futures swung between gains and losses.
The Stoxx Europe 600 Index slipped 1 percent at 7:25 am in New York. Standard amp; Poors 500 Index futures dropped less than 0.1 percent after rising 0.6 percent. The MSCI Asia Pacific Index earlier climbed 0.7 percent, ending six days of losses. The yield on the two-year Spanish note jumped 15 basis points to 4.25 percent. The Dollar Index added 0.2 percent, advancing for a record 14th day.
The European Central Bank said it will...
Category:Lending | Comment (0)
