iBankCoin
Joined Nov 11, 2007
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European Markets Slide on No Progress Over Spanish Bailout

“European stocks fell, snapping four days of gains, as European Union leaders failed to discuss further aid for Spain, outweighing an agreement to introduce a euro-area banking regulator by the end of next year. U.S. index futures were little changed, while Asian stocks fell.

Bankia SA (BKIA) led lenders lower, falling 6.9 percent as a gauge of banks contributed most to the Stoxx Europe 600 Index’s drop. Aggreko Plc (AGK) fell 9.6 percent after it said bad-debt provisions would hurt full-year results. Spectris Plc (SXS) surged 9.5 percent after it reported a 12 percent increase in sales last quarter and said it will meet its full-year targets. Carrefour SA (CA) advanced 6.8 percent after it agreed to sell its Colombian unit.”

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