RTRS: GLOBAL MARKETS-Stocks, euro slide on fears of wider debt crisis
* Global stocks, euro down on fears debt crisis spreading
* French debt on ropes despite ECB bond buying efforts
* Dollar extends gains vs euro in aftermath of U.S. CPI
* Brent crude falls on fears Europe heading into recession
By Herbert Lash
NEW YORK, Nov 16 (Reuters) - Global equity markets and the
euro slid on Wednesday after the European Central Bank's buying
of regional sovereign debt failed to stem a bond sell-off in
the euro zone or to calm fears the debt crisis was spreading.
Wall Street stocks lost almost 1 percent and the euro fell
for a third straight session against the dollar to hit a
five-week low as investors doubted the ability of governments
in the euro zone to contain the crisis,
The ECB's buying of Italian and Spanish bonds brought only
temporarily relief in the markets and yields resumed climbing
once the intervention stopped.
French borrowing costs rose, with the yield premium of the
French 10-year government bond over German Bunds rising to a
new euro-era high near 2 percent.Brent crude fell 24 cents to $111.94 a barrel,
while U.S. oil rose $2.42 to $101.79.
