RTRS:Greek aid delay hits world stocks, euro, commodities
By Dominic Lau
LONDON (Reuters) - World stocks, the euro and crude prices fell on Monday and bond yields in heavily indebted euro zone countries jumped after the region's finance ministers delayed a final decision on extending emergency loans to Greece.
Yields on safer U.S. Treasuries and German Bunds slipped and gold prices held steady at above $1,530 an ounce.
Euro zone finance ministers at the weekend postponed a final decision on extending a further 12 billion euros in emergency loans to Greece, ratcheting up pressure on Athens to first impose harsh austerity measures.
They said they expected the money, the next tranche in last year's 110 billion euro bailout package extended by the European Union and the International Monetary Fund, to be paid by mid-July.
"At the moment then, we are still in limbo -- the EU and ECB appear to have reached a compromise on private sector involvement in the Greek bailout, but are still demanding austerity measures which are unacceptable to some in Greece," said Kit Juckes, currency strategist at Societe Generale.
The euro was down 0.7 percent at $1.4205, edging back in the direction of a three-week low of $1.4073 hit last Thursday on trading platform EBS, and down 1 percent to 1.2022 Swiss francs.
The dollar rose 0.6 percent against a basket of major currencies .DXY.
The yield on 10-year Greek government bonds jumped 16 basis points to 17.69 percent, not far from a euro lifetime high of 18.90 percent hit on Friday.