iBankCoin
Joined Nov 11, 2007
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Global Markets Fail to Rally as the Fiscal Cliff and Greek Aid Talks Loom

“U.S. stock-index futures fell while European shares dropped after their best week this year as American leaders prepared to wrestle with a budget agreement and European finance chiefs meet on Greek aid. Treasuries rose for the first time in a week.

The Stoxx Europe 600 Index lost 0.4 percent at 6:45 a.m. in New York after the gauge surged 4 percent last week. Futures on the Standard & Poor’s 500 Index declined 0.3 percent, after falling as much as 0.6 percent. Treasury 10-year yields fell three basis points to 1.66 percent. Gold snapped a three-day advance, while soybeans extended the biggest weekly gain in three months.”

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