Summary Box: Italian bond auction spooks markets

AP News
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Posted: Nov 14, 2011 4:47 PM
Summary Box: Italian bond auction spooks markets

HIGH RATE: Days after getting a new prime minister, Italy had to pay the highest rate at a five-year bond auction since 1997. That's a sign investors are still worried about Italy's ability to pay its debts.

WEAK EURO: The euro fell against the dollar as investors became nervous about the European debt crisis again. The euro fell about 1 percent against the dollar. European stock indexes also fell. Germany's DAX lost 1.2 percent.

THE DOW: The Dow Jones industrial average fell nearly 75 points to close at 12,079. The Dow has made gains in six of the past seven weeks, and is still up 1 percent for the month.