Wednesday, March 24, 2010

Euro, Stocks, Commodities Fall on Greece, Portugal Debt Concern

http://www.bloomberg.com/apps/news?pid=20601087&sid=a2bXEc9CjsUk&pos=2
March 24 (Bloomberg) -- The euro slid to a 10-month low against the dollar, while stocks, commodities and Treasuries also retreated, as concern grew that Greece may default and Portugal's debt was downgraded by Fitch Ratings.

The euro weakened against 15 of its 16 most-traded peers at 11:57 a.m. in New York. The MSCI World Index of stocks in 23 developed nations slid 0.9 percent and the Standard & Poor's 500 Index fell 0.4 percent, retreating from an 18-month high. The Reuters/Jefferies CRB Index of commodities fell to a five-week low as oil slid 1.6 percent, copper dropped 0.9 percent and lead tumbled 3.5 percent. The yield on the benchmark 10-year Treasury note rose 8 basis points to a one-month high of 3.77 percent.