Gilt yields jump to one-month high as industrial production adds

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Source: Bloomberg
© Scanpix\Reuters
U.K. 10-year note yields advanced to a one-month high  as a government data indicating industrial output rose in June curbed demand for safer assets on speculation the economy is recovering at a faster pace. The U.K. benchmark 10-year bond yield climbed to 2.49% and the 1.75% note maturing in September 2022 retreated to 94.05.
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Tue, 06 Aug 2013 12:19:05 GMT

Europe stocks mainly rise following earnings, optimistic report

European stocks mostly advanced, fueled by the latest better-than-forecast data from Germany, Italy and the U.K., and optimistic earnings reports. The European Euro Stoxx 50 index jumped 0.17% to 2,814.02 and German DAX advanced 0.20% to 8,415.30. German factory orders rose 3.8% in June, while French company Credit Agricole posted net income of €696 million in the second quarter.

Tue, 06 Aug 2013 10:57:10 GMT

Asian shares outside Japan fall amid tapering worries

Asian shares outside Japan declined as better-than-forecast expansion in U.S. service sectors boosted speculation the Federal Reserve may soon begin to scale back bond purchases. The MSCI Asia Pacific excluding Japan Index dropped 0.5% to 440.95, while Japanese Topix index added 0.8%. South Korean Kospi index decreased 0.5% and New Zealand's NZX 50 Index fell 0.3%.

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