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Global Markets Update: Monti Heckled in Italian Parliament

Wednesday, 14 Dec 2011 | 6:15 AM ET

Europe finds a low point even though a short-lived gain follows a successful German bond auction. An Italian auction yield sets new euro-era high at 6.47 percent. Mario Monti speaks in the Italian Parliament today, and says German Chancellor Merkel believed the EU agreement would calm markets. And the euro/dollar hits an 11-month low.