Falling off chairReuters/Gustavo Graf Maldonado

Here is what you need to know.

Italy just sold $6.5 billion of debt — and it shows how little faith the markets have in the country. While it succeeded in selling its debt, Italy was forced to pay a major premium in yields.

The euro is bouncing back. The single currency trades up 0.4% at 1.1593 versus the US dollar after touching an 11-month low on Tuesday.See the rest of the story at Business Insider

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