Euro, European stocks slide on Fed comments

[dipsydoodle]

(Reuters) - The euro hit 11-month lows and European stocks fell on Wednesday after the U.S. Federal Reserve warned Europe's unresolved sovereign debt crisis could hurt the giant American economy.

Debt markets were on edge ahead of a planned sale by in Rome of up to 3 billion euros (2.5 billion pounds) of new 5-year bonds - Italy's first sale of longer-term debt since the European Union took steps towards greater fiscal integration last week.

Yields at the auction look set to mark new euro-era highs.

"Investors continue to avoid risk as they look to possible sovereign debt downgrades in Europe," said Hiroichi Nishi, equity general manager at SMBC Nikko Securities in Tokyo.

http://uk.reuters.com/article/2011/12/14/uk-markets-global-idUKTRE7BC0KF20111214 LONDON | Wed Dec 14, 2011 8:59am GMT

[DCKit]

1. Gotta wonder how many calls the Fed made to hedge fund managers...

just before this announcement.

[truthisfreedom]

2. Well that's nice. I'm headed to Paris for Christmas with my sweetie.

Nicer exchange rate for us.

[dipsydoodle]

3. nicer exchange rate for us......lol

Last edited Wed Dec 14, 2011, 08:30 AM - Edit history (1)

Everything has its upside I guess.

Enjoy.

edit to add : its since got even better for you.

11.58am: The euro has dipped below $1.30, reaching its lowest level since January - as investors move their cash into dollars.

It is now trading at $1.2993.

http://www.guardian.co.uk/business/2011/dec/14/uk-bailout-eurozone-crisis