Martin van Vliet
Bond yields drop on Italy and local merger
Greek 10-year government bond yields on Monday saw their biggest one-day fall since September after a strong rally in Italian bonds helped boost support for peripheral assets.
Analysts also attributed the move to a boost for Eurobank, Greece's third-largest lender, on news it will acquire real estate company Grivalia Properties.
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Euro extends gains after $1.20 break; dollar wilts
The euro jumped more than half a percent after breaking above a key level on Aug. 29 while the dollar fell to a two-year low against the Swiss franc after a North Korean missile test sapped investors' leveraged demand for risky assets.
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Euro area inflation steady at 0.5 pct underscores Draghi challenge
By Ian Wishart
The euro-area inflation rate held steady in June at less than half the European Central Banks target, underscoring the challenge faced by Mario Draghi as he tries to stoke prices and ignite growth.