Asian shares jump as U.S. housing report eases Fed worries

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Source: Bloomberg
© Scanpix\Reuters
Asian shares advanced for the second day as U.S. home sales declined and curbed the case for the Federal Reserve to cut bond purchases next month. The MSCI Asia Pacific Index climbed 0.1% to 131.46. Japanese Topix index dropped 0.1% and Australian S&P/ASX 200 gained 0.2% and New Zealand's NZX 50 Index rallied 0.5%.
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Mon, 26 Aug 2013 12:46:13 GMT

Italian bonds fall second day ahead of bond auction

Italian government bonds decreased for the second day ahead of the Euro block's largest sovereign-debt market auctions bonds this week. Italy's 10-year bond yield jumped six basis points to 4.39% and the 4.5% note maturing in May 2023 slipped 0.495 to 101.215. Italy will sell securities worth of 4 billion euros tomorrow.

Mon, 26 Aug 2013 11:04:03 GMT

Kiwi jumps before U.S. durable goods report

The New Zealand currency rallied versus the U.S. counterpart, halting a fie-day plummet to release its first monthly fall since the end of the first quarter. The New Zealand Dollar appreciated 0.56% to $0.7830 versus the greenback. Orders for durable goods are forecast to have declined 3.6% in July, following a 3.9% increase in June.

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