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Wednesday, 13-Aug-2014 20:23 Email | Share | Bookmark
Russia Worries, Weak German Data Weigh On Europe - Yahoo News

[FRX/] German industrial orders slid in June at their steepest rate since September 2011, with the economy ministry saying political tensions had probably led to more cautious ordering. "We are getting closer to a situation where we really have an escalation of the conflict... sanctions being stepped up, and things moving out of control," said Elwin de Groot, senior market economist at Rabobank. European stocks fell 1.3 percent - the biggest one day fall in nearly a month - while MSCI's [read] world equity index was down 0.5 percent. Dollar-traded Russian stocks hit a three-month low. German 10-year bond yields fell 3 basis points to 1.15 percent. Yields on lower-rated peripheral bonds rose, extending losses after data showed the bloc's third largest economy Italy had slipped back into recession. <br>Source:

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