Global Markets Pare Some Losses on Comments That Germany Favors Building a Bailout Package for Greece

“European stocks pared their declines and the euro swung between gains and losses against the dollar after Bild Zeitung said Germany favored bundling a rescue- package to Greece. Metals led commodities lower.

The Stoxx Europe 600 Index (SXXP) dropped 0.4 percent at 7:30 a.m. in New York, after falling as much as 0.8 percent. Standard & Poor’s 500 Index futures sank 0.4 percent, after losing as much as 0.9 percent. The euro was little changed at $1.2705. Zinc, nickel and lead dropped at least 0.5 percent after Xinhua News Agency reported China may expand a property tax trial.”

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