Greece sold 812.5 million euros of three-month treasury bills at a negative yield, the country's debt agency PDMA said on Wednesday. The debt agency sold the new paper at a yield of -0.40%, eight basis points lower than a previous auction in April. The sale's bid-to-cover ratio was 1.98, down from 2.08 in the previous auction.
Euro zone business activity accelerated last month as the bloc's dominant services industry shrugged off renewed lockdowns and returned to growth, according to a survey on Wednesday that also showed firms were facing soaring costs for raw materials.
Euro zone business activity accelerated last month as the bloc's dominant services industry shrugged off renewed lockdowns and returned to growth, according to a survey on Wednesday that also showed firms were facing soaring costs for raw materials.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. Euro zone bond yields edged up on Wednesday as equity markets recovered from a sudden slump a day earlier that had sent yields on the safe-haven assets falling sharply. Stock markets fell 0.5% on Tuesday in a matter of minutes and further afterwards, leaving traders perplexed as to what was behind the move.
Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. ALSTOM: Canadian business jet maker Bombardier Inc. (BDRAF) said on Tuesday it expects to exit its 3.1% stake in French rail giant Alstom SA valued at around 527 million euros through a book building process to institutional investors.
German biotech labs supplier Merck (MRK) raised its 2021 earnings forecast on strong first-quarter results, as efforts by the pharma industry to ready treatments and vaccines against the coronavirus bolsters demand for its products.
Prime Minister Mario Draghi urged foreigners on Tuesday to book their summer holidays in Italy, saying it was set to introduce travel passes from the middle of May, sooner than much of the rest of Europe.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Dhara Ranasinghe. Euro zone bond yields fell on Tuesday, retreating from recent multi-month highs as volatility in stocks boosted demand for safe havens, giving bonds a respite from a recent heavy selloff.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. Most 10-year government bond yields in the euro area were steady on Tuesday, holding below 13-month highs on hopes that world central banks will not rush into tapering their massive stimulus schemes.
Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks. AIRBUS: Germany's Lufthansa said on Monday it bought ten long-haul aircraft, five Airbus A350-900s and five Boeing (BA) 787-9.
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