European Markets Rise on Spanish Yields Hitting Six Week Lows

“Stocks gained in Europe to a five- month high as Spain’s 10-year bond yield fell to the lowest level in six weeks. Platinum rose after violence escalated at a South African mine, while Brent crude snapped a four-day rally.

The Stoxx Europe 600 Index added 0.3 percent at 7:20 a.m. in New York, headed for an 11th week of gains. Standard & Poor’s 500 Index futures slid less than 0.1 percent after the gauge closed yesterday at a four-month high. Spain’s 10-year bond yield fell seven basis points to 6.45 percent, the lowest since July 5. Platinum rose 0.9 percent. Brent crude fell 1.2 percent.”

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