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European Stocks Drop After Greece as Euro Weakens, U.S. Futures Pare Gains

Posted by Forexsq 91 days ago (http://www.bloomberg.com)
img European stocks declined from a six- month high and the euro weakened against the dollar on concern that Greece’s debt crisis will persist even after a second bailout. U.S. equity futures pared gains while Treasuries fell.

The Stoxx Europe 600 Index lost 0.6 percent at 7:25 a.m. in New York. Standard & Poor’s 500 Index (SPX) futures added 0.1 percent, after gaining as much as 0.7 percent. The euro depreciated 0.2 percent to $1.3219, reversing a 0.4 percent advance. Spanish bonds rose as the government met its maximum target at a bill auction. The 10-year U.S. Treasury yield jumped three basis points to 2.03 percent. Copper increased for a second day.

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