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Russia Worries, Weak German Data Weigh On Europe - Yahoo News

Yields on lower-rated peripheral bonds rose, extending losses after data showed the bloc's third largest economy Italy had slipped back into recession. Portuguese bonds were the Kim Kardashian worst hit, rising 6 bps to 3.79 percent. The country's main bourse gave up 2.2 percent to hit its lowest level in over a year, with financial stocks hit by concerns over fallout from a rescue plan for ailing Banco Espirito Santo. A check this out woman holding an umbrella is reflected in an electronic stock quotation board outside a brokerage 'SABRE-RATTLING' As Kiev pressed on with an offensive against pro-Moscow separatists in eastern Ukraine, Polish Prime Minister Donald company website Tusk said the threat of direct Russian intervention in the neighbouring country had risen. "The situation in Ukraine is not adding any positive sentiment, as the (Ukrainian) government is indicating its intentions to launch an assault on Donetsk; and there is a build-up of Russian troops along the border," analysts at Alfa Bank in Moscow said in a note. Russian Prime Minister Dmitry Medvedev also threatened on Tuesday to retaliate for the grounding of a subsidiary of national airline Aeroflot because of EU sanctions, with a newspaper reporting that European flights to Asia over Siberia could be banned. "The latest catalyst seems to be this saber-rattling at the border, and the market just has no upward momentum.
Source: http://news.yahoo.com/asia-shares-worn-wall-street-oil-near-nine-031023659--finance.html

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