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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jan 11, 2011

Page

6

Telecom stocks drag global markets as Europe eases

Toronto AP report notes telecommunication shares led declines in U S and Europe while Apple and Netflix buoyed Nasdaq. AT&T dropped 1.8 percent with Verizon preparing iPhone sales. Apple rose 1.9 percent. Dow fell 0.3 percent to 11,637.45 as DuPont and Duke Energy announced major deals. Europe faced fresh pressure as Portugal faces possible outside aid amid Greece and Ireland bailout concerns.

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Portugal under pressure as debt fears rise again

Portugal faced renewed debt fears as its 10 year yield spiked to 7.18 percent before easing to 6.94 amid talk Germany and France urged a euro zone rescue to prevent contagion. Merkel denied pressuring Portugal while analysts estimate possible aid of 50 to 100 billion euros. echoes of Ireland’s bailout linger.

Lisbon Portugal Europe Germany France European Central Bank ECB Neil Mackinnon VTB Capital Greece U.S. Federal Reserve der Spiegel Spain Angela Merkel Malta DAPD Amadeu Altafal Tardio EU Monetary Affairs Olli Rehn Ireland International Monetary Fund Dublin

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