On
12.28.11 • In
Stock • by
administrator
NEW YORK – Stocks opened slightly lower Wednesday as worries over the European debt crisis persist, overshadowing a strong auction of Italian government debt.
By Richard Drew, AP
Traders on the floor of the New York Stock Exchange on Dec. 20, 2011.
The European Central Bank said the continent’s banks parked a record $ 590.7 billion overnight at the bank, reflecting distrust in the European banking system.
Italy held two successful bond auctions, paying much lower borrowing rates than it did in other auctions last month. The strong demand from investors raised hopes that Italy would be able to avoid sinking into a financial crisis, as have smaller cou………….
