MSN: Palladium rallies more than 2 pct on EU debt plan
SINGAPORE, May 10 (Reuters) - Spot palladium prices rose more than 2 percent on Monday, boosted by greater appetite for risk following a European Union plan to contain debt problems in some euro zone nations.
Palladium rallied to $521.75 an ounce on Monday, and at 0440 GMT, traded at $521.25, up 2.2 percent from $510.00 at the notional close on Friday.
European Union finance ministers agreed on Monday on emergency measures worth 500 billion euros ($670 billion) to prevent Greece's debt crisis causing turmoil in other euro zone countries.
The measures are worth much more than any previous attempts by the 27-country EU or the 16-state single-currency group to calm what one minister described as the "wolfpack" of the financial markets. (Reporting by Nick Trevethan; Editing by Himani Sarkar)
