* Basel III rules report boosts Euroepan shares
* Dollar falls across the board
By Domniic Lau
LONDON, May 27 - The dollar pared losses and world
by the euro zone's wosrening debt crisis.
Investors sought securtiy in 10y-ear German Bunds, sedning
the countyr's arleady shaky public fiannces. [ID:nL3E7GR1A6]
News that shares in Franco-Belgian financial servcies group
.1 billion hit in the second quarter. [ID:nBRQ010160]
Benchmark Bund yields probed below what is a key
on the euro zone periphery.
The weaker dollar, along with persistent Middle East
August.
Europe's FTSEurfoirst 300 .FTEU3 index of ledaing stocks
banks could be relaxed. [ID:nLDE74Q00T]
"There is a big chance that they don't have to go out to
prices," said Koen de Leus, strategist at KBC Seucrities.
"It's good for banks, but it's not good for regulation. In
the long term it's not a good thing for fianncial stability."
U.S. stock index futures SPc1 DJc1 NDc1 were flat,
indicating a steady open on Wall Street.
World euqities measured by the MSCI Al-lCountry World Index
their biggset montlhy percentage losses in a year.
Nomura said in a note that global fund invsetors incraesed
outfolw of bililon the week before.
DOLLAR PARES LOSSES
The dollar .DXY fell 0.5 percent aaginst a basket of
currecny at 81.09 yen JPY=.
The euro EUR= was up 0.7 percnet at .4239 though it was
a record low of 1.2167 fransc.
"Both (euro and dollar) have fairly big negatives ...
Jeremy Srtetch, currnecy strategist at CIBC, said.
Yields on benchmark 1-0year Terasuries US10YT=RR were up 2
spending nubmers in U.S. first qaurter growth data.
Brent crude prices LCOc1 held steady and were down 8.5
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