Italy's bold yields spike, EU ministers meet over crisis

PUBLISHED ON: November 29, 2011 | Duration: 22 min, 05 sec

  
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As Europe's debt crisis spirals, Italy's bond yields spike further to record highs as finance minister of EU countries are meeting in Brussels to discuss ways to contain the crisis and review the situation on ground. Meanwhile, US consumer confidence jumps to highest level since July. However, gains on the Wall street are muted due to weak housing numbers. There also reports that say Facebook could be looking at a public offering in 2012, with the timing of the offering yet to be finalized
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