Portugal bonds Drop on the rescue of interest plan; U.S. Futures, oil falls

April 05, 2011 at 7: 20 am EDT by Stephen Kirkland

April 5 (Bloomberg) - Portuguese bonds fell, the insurance costs of the debt of the country rose to a record and the euro weakened after Investors Service of Moody said a rescue plan is inevitable. U.S. index future actions and oil dropped.

The performance of the obligations of the Portugal in a 10-year climbed 17 basis points to 8.77% from 7 h 15, in New York. Credit swaps - by default on the debt of the countries rose 11 basis basis 591 points points. The euro depreciated 0.3 per cent against the dollar. Future index Standard & Poor lose 0.3 percent as Apple Inc. slid 2 percent. The Stoxx 600 Index of Europe has varied little. Shares of emerging markets and extended oil decline after China raised interest rates.Moody cut its rating on the debt of the Portugal for the second time in three weeks, saying downgrade another can follow and the winner of the June elections will likely draw funds from rescue of Europe with "emergency". The needs of the Federal Reserve to control inflation "extremely closely", s. Ben Bernanke, Chairman, said yesterday, one day before the minutes of the most recent policy meeting is released. The European Central Bank will probably interest rates this week to contain the rise in the price.The downgrade "is further evidence of the sovereign decay, in the region" Lee McDarby, responsible for the use on the business and Office of the Council of institutional Treasury in the Investec Plc in London, wrote in a report today.The application for investors additional performance to hold Portuguese bonds of 10 years German bunds benchmark increased to 539.9 basis points, the most since Bloomberg began tabulating data in 1997. The yield on the 10-year US Treasury note was little changed in 3.42%.Apple, NasdaqThe down by S & P 500 future indicated that the tonnage of the fairness of the U.S. is going to withdraw a maximum of six weeks. An Institute for the management of supplies to 10 hours report. New York time can show service industries U.S. grew up in March to the fastest pace in more than five years, according to the median of forecasts in a survey of economists 68 Bloomberg.NASDAQ-100 communities have slipped 0.8 per cent. NASDAQ OMX Group Inc. said that apple, manufacturer of the iPhone, will be its weighting in the Nasdaq-100 cut to 12.3% 20.5% on 2 May. National Semiconductor Corp. soared 72% in pre-market trade after Texas Instruments Inc., the second largest U.S. chip manufacturer, has agreed to buy the company based in Santa Clara, California for $ 6.5 billion.Approximately four stocks decreased for each that gained in the Stoxx Europe 600. Nikkei 225 Stock average of the remote Japan to 1.1% after Tokyo Electric Power Co. began to dump radioactive water from its central nuclear crippled Fukushima Dai-Ichi in the sea. Markets in China, Hong Kong and Taiwan were closed for a holiday.Lead, OilWest Texas Intermediate crude oil decreased 0.6% to $107.85 a barrel in New York and copper fell by 0.5% in London.The MSCI Emerging Europe, Middle East and Africa Index slipped 0.6 per cent after the Bank of China has raised its one-year loan and deposits of 25 basis points rate, tomorrow in force, the fourth increase since the global financial crisis. MICEX Index dragged Russia 0.7% as the Wig of Polish shares index slid by 0.3 per cent as remote.The euro depreciated 0.3 per cent against the Swiss franc and 1% from the pound sterling weakened. Sterling strengthened 0.6% against the dollar after a report shows the growth of service industries unexpectedly accelerated U.K. the fastest rate in more than a year in Australian dollar weakened March.The 0.5% against the motto of the United States after the Central Bank of the nation has maintained unchanged for a fourth meeting interest rates. New Zealand dollar rose to a maximum of four months in relation to the yen after Finance Minister Bill English said business confidence is likely to "bounce" and the nation probably should no more rate cuts.

-With the help of Claudia Carpenter, Andrew Rummer, Michael Shanahan, Dan Cuddies and Jason Webb in London. Editors: Stephen Kirkland, Justin Carrigan

To contact the reporter on this story: Stephen Kirkland in London at skirkland@bloomberg.net.

To contact the editor responsible for this story: Paul Sillitoe at psillitoe@bloomberg.net.

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