European Stocks To Move Sideways | Florida Statesman

European Stocks To Move Sideways

Quote.com Monday 30th May, 2011

(RTTNews) - European stocks could move sideways on Monday, with uncertainty over the euro zone debt and concerns that the U.S. economic recovery is faltering likely to keep investors cautious. Volumes are expected to be thin because of holidays in the U.K. and U.S.Greek Prime Minister George Papandreou vowed on Sunday to continue with the overhaul of Greece's public finances even as he failed to win backing from opposition parties. The euro weakened for the first time in three days versus the dollar, while oil and copper futures fell in New York on concerns surrounding possible Greek debt restructuring.Asian stock markets swung between gains and losses on Monday after data showing weak housing sales and lower than estimated consumer spending in the U.S. sparked concerns about slowing...

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