U.K inflation expectations reach a four-and-half year high

Source: Bloomberg
The 10-year break-even norm, an index measuring expectations of the annual expectations, increased to the highest level in previous four-and-half year. It advanced by four basis points to 3.38 percentage points at midday London trading hours on Thursday. The rate gained after the Debt Management Office sold inflation related bonds valued for 1.6 billion Pounds with maturity in 2024.
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Thu, 11 Apr 2013 14:17:33 GMT

DAX up as investors wait for U.S. jobless data

European shares climbed on Thursday ahead of the U.S. unemployment data. The DAX Index added 0.5% to 7,848.20 points, close to its highest value since 2007. 18 out of 30 companies included in the gauge posted gains. Linde AG, a German engineering company, surged 1.5% to 143.70 euros, pushing the industrial sector into the green zone. The company has today

Thu, 11 Apr 2013 14:57:34 GMT

Nigerian Naira depreciates on investors transactions

The Nigerian Naira edged lower by 0.1% to 157.60 per U.S. Dollar by midday trading session in Lagos on Thursday. The currency of the biggest Africa's oil exporter depreciated due to speculation that traders in Nigeria were willing to exchange their profits from the local bond and equities market in the U.S. Dollar.

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