WireTap 1400 12/01/12
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WireTap 1400 12/01/12

A round-up of the key stories across the specialist financial media, including news that Italy and Spain have had successful bond auctions at reduced yields.



Yields fall sharply at Spanish, Italian debt sales

Spanish and Italian bonds were auctioned today at significantly reduced yields in an encouraging sign for 2012.

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King resists stimulus as UK shows resilience

Bank of England governor Mervyn King has refrained from further emergency stimulus as the British economy showed resilience heading into 2012.

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ECB keeps rates at record low of 1%

The ECB has left its main interest rate unchanged at 1% as it awaits results of measures taken late last year to increase funds in the Eurozone banking system.

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Output slumps in Euro Zone, UK

Eurozone factory output suffered its first decline on a year-to-year basis in almost two years in November, the latest sign of a slowing economy.

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China stocks fall for second day as profit concerns trump easing inflation

Chinese stocks fell for the second day running on speculation that corporate earnings growth will slow.

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