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European shares closed stable and Italian banks fall
European shares were steady on Tuesday amid low volumes after it posted strong gains in the previous week, as the Italian bank shares fell after the rise in yields of the country. And fears the market impact of poor liquidity on sovereign bond auction in Italy on Thursday. The Bank of UniCredit and Intesa Sanpaolo shares which is linked to fare strongly Italian bond returns as the most prominent losers landed 4.8 percent and 2.4 percent respectively. Said a trader in London, "the Italian bond yields rise and liquidity light it is very difficult to predict what might happen in the Italian bond auction this week." "We have not reached a concrete solution to the problems of debt of the euro area. Italy immersed in the crisis .. and even lower the cost of borrowing stock markets will remain unaffected." The FTSEurofirst 300 index closed
European shares were steady on Tuesday amid low volumes after it posted strong gains in the previous week, as the Italian bank shares fell after the rise in yields of the country. And fears the market impact of poor liquidity on sovereign bond auction in Italy on Thursday. The Bank of UniCredit and Intesa Sanpaolo shares which is linked to fare strongly Italian bond returns as the most prominent losers landed 4.8 percent and 2.4 percent respectively. Said a trader in London, "the Italian bond yields rise and liquidity light it is very difficult to predict what might happen in the Italian bond auction this week." "We have not reached a concrete solution to the problems of debt of the euro area. Italy immersed in the crisis .. and even lower the cost of borrowing stock markets will remain unaffected." The FTSEurofirst 300 index closed
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