Tuesday 15 November 2011

Summary Box: Italian bond auction spooks markets (AP)

HIGH RATE: Days after getting a new prime minister, Italy had to pay the highest rate at a five-year bond auction since 1997. That's a sign investors are still worried about Italy's ability to pay its debts.

WEAK EURO: The euro fell against the dollar as investors became nervous about the European debt crisis again. The euro fell about 1 percent against the dollar. European stock indexes also fell. Germany's DAX lost 1.2 percent.

THE DOW: The Dow Jones industrial average fell nearly 75 points to close at 12,079. The Dow has made gains in six of the past seven weeks, and is still up 1 percent for the month.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111114/ap_on_bi_ge/us_wall_street_summary_box

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