Asian shares slip on weak U.S. data, Italy debt sale eyed

TOKYO (Reuters) – Asian shares slipped on Thursday as weak U.S. retail sales data raised fresh concerns about sluggish economic growth, while an Italian debt auction later in the day will test market confidence in whether Rome can avoid becoming the next victim of the euro zone
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New Italy, Greece leaders improve mood, stocks up (Reuters)

Reuters – Financial markets on Monday greeted the appointments of technocratic leaders in euro zone debt hot spots Italy and Greece with cautious optimism, boosting stocks. Yahoo! News: Business News
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Asia shares fall after Greece coalition deal, Italy eyed (Reuters)

Reuters – Asian shares struggled on Monday, with investors still nervous despite the formation of a new Greek unity government intent on avoiding imminent debt default. Yahoo! News: Business News
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Fitch cuts Italy, Spain ratings; outlook negative (Reuters)

Reuters – Fitch Ratings on Friday cut Italy’s sovereign credit rating by one notch and Spain’s by two, citing a worsening of the euro zone debt crisis and a risk of fiscal slippage in both countries. Yahoo! News: Business News
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ECB’s Trichet presses Italy on budget targets (Reuters)

Reuters – ECB President Jean-Claude Trichet kept up warnings over Italy’s strained public finances Saturday, telling the struggling center-right government it must act quickly to reassure nervous markets. Yahoo! News: Business News
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