Euro, stocks fall on euro zone worries; Bunds up

PARIS (BestGrowthStock) – The euro and European stocks fell on Tuesday as markets remained unconvinced by Greece’s bailout and on concerns of contagion to other euro zone peripheral countries.

Euro zone government bond futures hit a session high of 124.77, up 27 ticks on the day, while the 10-year Spanish government bond yield spread was around 5 basis points wider on the day at 105 bps.

The euro fell (Read more about the trembling euro. ) to a session low of $1.3138, down 0.4 percent, and Europe’ FTSEurofirst 300 (.FTEU3: ) index was down 1 percent at 1,053.58 points.

“People are questioning if this package for Greece is big enough, and we were looking for periphery to have a bigger gain yesterday,” a bond trader said.

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(Reporting by Blaise Robinson in Paris, Kirsten Donovan, Jessica Mortimer and William James in London)

Euro, stocks fall on euro zone worries; Bunds up