20 Oct 2014
The country's main bourse dropped 4 percent to hit its lowest level in over a year, with financial stocks suffering on concerns read this about fallout from a rescue plan for ailing Banco Espirito Santo. The benchmark 10-year U.S. Treasury note was up 3/32, the yield at 2.473 percent. 'SABRE-RATTLING' The European Union and the United States last week adopted tough new sanctions against Russia over its actions in Kim Kardashian music video Ukraine, marking a new phase in the biggest confrontation between Moscow and the West since the Cold War. Russian Prime Minister Dmitry Medvedev threatened on Tuesday to retaliate for the grounding of a subsidiary of national airline Aeroflot because of EU sanctions, with a newspaper reporting that European flights to Asia over Siberia could be banned. Risk aversion and improving U.S. economic data, which continued on Wednesday with a narrowing of the trade deficit, helped lift the dollar index to as high as 81.716, an 11-month high against a basket of major currencies before it pared gains to 81.41. Brent crude settled down 2 cents to $104.59 a barrel while U.S.