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Portugal Denies It Will Need Bail-Out

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Its contained:

Jeremy Gaunt, European Investment Correspondent, 11:25, Wednesday 1 December 2010
LONDON (
Reuters
) - Signs of robust economic growth in China and recovery in parts of Europe (news) lifted world stocks on Wednesday while a relatively successful Portuguese debt sale helped ease short-term fears about the euro zone's debt crisis.
The euro was up close to $1.31
, European shares rose nearly 1 percent and Japan (NYSE: MCO - news) was half a percent higher. Wall Street also looked set to open stronger.
The cost of insuring
Portuguese and other peripheral euro zone sovereign debt against default fell
.

All the contagion stuff forgotten, fat Crimbo to look forward to.

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FTSE 100 5,621.10 +92.83 +1.68%

Yes, Portuguese yields down today as well, that should encourage them to balance their budget.

All is well with the world and all debts are now going to be repaid in full without resorting to inflation. Party on.

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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