Spreadex Market Update
Euro markets maintain early gains
A deal was reached between Cyprus, the heads of the European Union, the European Central Bank and the International Monetary Fund. They will act together to wind down the state-owned Popular Bank of Cyprus and shift deposits below 100,000 euros to the Bank of Cyprus.
Gold declined below $1,600, following a three-week rally, as investors dump the precious metal in search of riskier assets after a bailout deal for Cyprus was concluded.
Vodafone Group shares were up 2.7% after the Sunday Times reported they have held talks to sell its stake in Verizon Wireless.
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