July 19 - Spain's 10-year borrowing costs push back above the critical 7% level as euro zone finance ministers consider their next move in the crisis
Investors pulled both ways Spain's banking and economic woes -- Madrid's borrowing costs to new highs. But some strong corporate profits in the US help Europe ingesting -- that highest level in fifteen weeks. But warm welcome to -- look at the day ahead in Europe Spain will be in the spotlight again on Friday eurozone finance ministers -- you -- conference call to discuss their next move. The cost to Madrid of borrowing cash for five years the city's highest since the Euro began -- the ten year yield has moved back into the danger zone above 7%. Charles staple of Lloyds bank says a full scale bailout for Spain is becoming more and more likely. The market zone giving explain the benefit of the doubt when note saying. -- declining bond yields and now the nine recap plan while eighths targeting the appropriate sex the heat's still leaving spying struggling under a huge debt burden. And that's that's that's that's the long and the short bits out. That the fields assuming gang up just fine -- end up having to request a direct intervention is a market. -- a crisis in Syria appears to be entering a critical phase. Rebel forces are racking up the pressure on president Bashar Al Assad. In the wake of the bomb attack which killed three of his security chiefs fighting between the rebels and loyalists troops has moved within the size of the Presidential Palace. Palestinians and senior political analyst and a Mira says the lack of -- united opposition in Syria is unlikely to stabilize even if Assad is toppled. Fit given the divisions which we've seen to date. That there is not a great prospects of Syria ends actually putting together in the events of racing claps and they have to bury that differences. A much more rocky road in my view ahead even though we have seen. In Libya. The US earnings season is in full flow with Bellwether General Electric reporting on Friday the verdict on the results we've seen so far. Not nearly as bad as they could have been that's helped propel the S&P 500 to its highest since may the string of strong numbers to and the week could see that -- extended. Both sides in the states Xerox Ingersoll Rand under Schlumberger. And Europe will get an update from the world's biggest mobile phone operator Vodafone group's one billion pound bid for cable and wireless worldwide. It was an approved by regulators earlier this month. It's too early for that deal to be a factor in trading Vodafone has also agreed to -- infrastructure in Ireland with Hutchison month I was three. European oil prices are increasingly joining forces as consumers cut back. Well less so for now this more from us at Reuters dot com and to join us each weekday morning from Reuters today a snapshot of the latest world news I'm market headlines I'm not a Stephenson thinks is right.