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| | | ... that Italy and Spain will beat the eurozone debt crisis trap which has already dragged down Greece, Ireland and Portugal. Banks led the rally, having suffered badly in recent weeks, with many posting gains of four to five percent and even more in some ... |
| | | | ... one economy as well as the ongoing eurozone crisis. Investors chose to brush off news that fewer than expected European banks had failed stress tests, while the euro suffered fresh selling pressure and gold hit a record high above $1,600 an ounce. Hong ... |
| | | | ... the European Banking Authority stress test results, announced after the close, which showed eight failures out of the 91 banks reviewed. The EBA said the failed banks would need 2.5 billion euros in additional capital to bring them up to strength -- ... |
| | | | ... stretch. There was good news - fantabolous news --out of debt-drowning Europe after the close of last week's trading. "European banks are clearly in a better position to absorb shocks," declared European Banking Authority (EBA) Chairman Andrea Enria ... |
| | | | ... Myer shares fell five cents, or two per cent, to $2.43, and JB Hi-Fi was 14 cents weaker at $15.51. Also lower were the banks, with Westpac, ANZ and Commonwealth all down by nearly one per cent. NAB bucked the trend, up two cents at $23.48. National ... |
| | | | ... meetings. On Thursday, local shares closed firmly in the red despite a late rally, with losses among retail stocks and the banks. The benchmark S&P/ASX200 index lost 24.1 points, or 0.53 per cent, to 4,490.7, while the broader All Ordinaries index dropped ... |
| | | | ... rising seven cents to $13.21. BHP Billiton was down nine cents to $43.54 and Rio Tinto was 61 cents weaker to $80.34. The big banks all lost some ground. "The banking sector is continuing to drift due to global debt concerns," Mr Muller said. National ... |
| | | | ... is what's happening in America and Europe," he said. "The European credit situation has got worse and the European and US banks took a big shellacking in the stockmarket." "The result is uncertainty, and when you get uncertainty you get markets falling." ... |
| | | | ... unemployment rate rose to 9.2 per cent, continued to weigh on investor sentiment as well. All 30 Dow blue chip stocks fell, and big banks took heavy hits. Bank of America lost 3.3 per cent, JPMorgan Chase fell 3.2 per cent and Citigroup lost 5.3 per ... |
| | | | ... Steel fell 4.5 cents, or 3.33 per cent, to $1.305 and OneSteel lost eight cents, or 3.94 per cent, to $1.95. The big four banks each lost at least 1.26 per cent, while diversified financials were mostly worse off. Macquarie Group dropped 69 cents, or ... |
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