WORLD FOREX: Stress Test Results Don't Appease Euro Worries

(Wall Street Journal)- European banks did better than expected in stress -test results released Friday, but the euro couldn't gain any momentum due to the strain of the euro-zone debt crisis.

A mere nine banks out of 90 top lenders in Europe flunked the tests for a worst-case economic scenario, with a combined shortfall of EUR2.5 billion in capital. Investors had speculated that upward to 20 banks would fail the tests, analysts said. Read more here…