European stocks stage light rebound after heavy losses

Yahoo Wednesday 11th April, 2012

Madrid 's Ibex 35 gained 1.21 percent to 7,523.80. In foreign exchange trade, the European single currency rose to $1.3123 from $1.3080 late in New York on Tuesday. "Eurozone concerns are back in the picture as the focus falls on the Spanish situation and whether it will be the next eurozone country to be bailed out," said trader Andrew Crook at Sucden Financial Private Clients. "The Spanish government is having to walk the tightrope of convin...

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