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The article discusses signs that concerns about a financial crisis in Europe have begun to ease. Several indebted nations including Spain and Greece have seen their borrowing costs decline. The gap between interest paid on Greek and German sovereign debt has narrowed, and the euro has gained against the U.S. dollar.

The article reports that investors' concerns over the indebtedness of banks in Portugal and Spain caused bond prices in both nations to fall. Also worrying investors was an attack by North Korea on an island in South Korea. The Dow Jones Industrial Average lost over 142 points and the euro declined against the U.S. dollar.