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Global Markets Update: 7 Billion Euro Italian Auction

Thursday, 29 Dec 2011 | 6:15 AM ET

European markets are slightly up as the Italian 3-year bond yields 5.62 percent, while the 10-year yield falls to 6.98 from 7.56 for November's auction. Euro pressure continues, with no respite from Italian auction. Chemicals, basic resources among leading European sectors.