While you were sleeping: Worry about US earnings

Mon, 09 Jul 2012

By Margreet Dietz July 10 (BusinessDesk) - Wall Street fell as investors awaited Alcoa's results amid concern that Europe's debt crisis is out of control and hampering the recovery of the world's largest economy. Spanish and Italian bond yields rose amid crystal-clear indications that the problems in Greece, onto its second international financial bailout, are far from over. The Spanish 10-year bond yield rose as high as 7.11 percent earlier today. The Greek economy will contract about 6.9 percent in 2012, the same as in in 2011, and surpass...

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