US bonds fall as Italy proposes austerity measures

Source: Bloomberg

On Monday US Treasuries declined as Italy's proposed austerity measures to reduce government debt hurt demand for US assets. 10-year borrowing costs climbed 3 basis points reaching 2.07% Roger Bridges, Tyndall Investment Management Ltd manager of fixed income predicts that US yields will increase further as investors regain confidence towards Europe. 

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Mon, 05 Dec 2011 13:56:25 GMT

Swiss shares fluctuate as banks rally and Adecco drops

Swiss Market Index swung between rewards and losses as biggest Swiss banks extended gains on approved Italian austerity measures while Adecco, the world's biggest recruiter of part-time workers, declined. Today Credit Suisse climbed 1.6% reaching 23.24 Swiss francs while UBS AG advanced 1.3% to 11.51 Swiss francs. Adecco lost 2.7% to 39.25 francs. 

Mon, 05 Dec 2011 14:00:06 GMT

S&P 500 and Dow Jones end week slightly down

Although US stocks opened higher on Friday morning trade, Dow Jones Industrial Average and S&P 500 Index did not manage to maintain gains and closed slightly down. Dow Jones Industrial Average gave up 0.01% or 0.61 points and closed at 12,019.42 while S&P 500 slid 0.02% or 0.30 points and ended week at 1,244.28. Nasdaq Composite was the only of three major indexes that managed to

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