Wednesday May 22, 2013

Global shares, euro and oil dip; no respite for Spain

LONDON (Reuters) – European shares eased off four-month highs and Spain's borrowing costs climbed back above their seven percent pain threshold on Friday, despite the expected approval of a bank bailout plan later in the day. Oil prices also eased…

A red London bus passes the Stock Exchange in LondonLONDON (Reuters) - European shares eased off four-month highs and Spain's borrowing costs climbed back above their seven percent pain threshold on Friday, despite the expected approval of a bank bailout plan later in the day. Oil prices also eased after hitting an eight-week peak on supply concerns linked to rising Middle East tension, but the rally in soft commodities, which has seen corn and soybean prices soar to record highs, showed no signs of abating. U.S. stock index futures pointed to a lower open on Wall Street, with futures for the S&P 500 down 0. ...


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