“European stocks rose from a three- month low and Spanish and Dutch bonds climbed as the nations sold debt, while copper advanced before data that may show rising U.S. home sales. Australian government bond yields sank to record lows after inflation unexpectedly slowed.
The Stoxx Europe 600 Index (SXXP) appreciated 0.6 percent as of 11:27 a.m. in London while Standard & Poor’s 500 Index futures gained 0.3 percent. Spain’s 10-year bond yield dropped six basis points while the rate on the Dutch note declined seven basis points. Australia’s 10-year yield fell nine basis points to 3.68 percent. Copper added 0.5 percent and the cost of insuring against a European sovereign default dropped….”
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