Monday, June 18, 2012

Asia - Voice of America: European Stocks Stall After Brief Rally

Asia - Voice of America
asia
European Stocks Stall After Brief Rally
Jun 18th 2012, 14:28

Stocks in Europe gave up their initial gains Monday, failing to continue a rally seen in Asia after pro-bailout parties won enough votes in Greece's parliamentary elections to form a government. Greece's stock exchange was the exception, holding a 6-percent advance hours into trading. But elsewhere in Europe, fears about other struggling economies -- especially Spain -- erased early gains. Major U.S. stock indexes opened lower. Borrowing costs for the Madrid government soared ...

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