Markets News Monday: Shares rise in Europe; Markets in UK and US closed for public holidays; Eurozone austerity measures to have neutral impact overall
May 31st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; Markets in the UK and the US are closed Monday for public holidays. Meanwhile, several countries in Europe are cutting spending plans in response to the debt crisis and Italy was the latest to implement austerity measures last week. However, the Eurozone as a whole isn’t tightening its fiscal belt this year amid concerns about the vitality of the global economic recovery.