Treasuries higher before fiscal cliff talks

Source: Bloomberg
© Scanpix/Reuters
On Tuesday, treasuries were traded higher before Barack Obama meets Republican and Democratic leaders for fiscal cliff negotiations later in the week. The yield on benchmark 10-year U.S. government bonds fell by 3 basis point, reaching a level of 1.58% by 8:38 a.m. London time. Earlier, it hit 1.57%, which was the lowest since September 5.
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Tue, 13 Nov 2012 10:17:55 GMT

British inflation accelerated on tuition fees last month

The Office for National Statistics reported on Tuesday that annual inflation in the United Kingdom gained more than expected in October. The British inflation reached a level of 2.7% compared to a reading of 2.2% in the preceding month. Economists, however, expected a 2.4% increases last month. The bureau commented that tuition fees were the most significant contributor to the

Tue, 13 Nov 2012 13:48:37 GMT

Australia business confidence index decreases as global economy struggles

The Australian confidence index was down by 1% in October, comparing with a previous month, according to a survey of the National Bank of Australia released today. Also survey showed, that domestic economy struggles, as a capital spending decreased to the lowest level since August 2009 and the business conditions gauge, such as sales, profit, hiring measures, slips to -5 from -3 in the last

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