European stocks move up as Italy forms new government

Source: Bloomberg
© Scanpix/RS
European equities advanced on Tuesday with the regional benchmark index heading to the longest streak of monthly gains in sixteen years as Italy ended its political uncertainty after it formed a new government and as consumer spending in the U.S. rose in March. The Stoxx Europe 600 added 0.5% to 297.39, the highest figure since April 2, while it has gained 1.2% this month.

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Tue, 30 Apr 2013 15:49:04 GMT

Euro-area bonds rise before ECB lowers rates

European government bonds advanced on Tuesday after a report showed that inflation in the 17-antion bloc area decreased to the lowest level in more than 3 years and as the ECB is expected to lower the benchmark interest rate. German 10-year rates slipped to the lowest in 9 month at 1.18% and Spanish 10-year yield dropped to 4.12%, the lowest

Tue, 30 Apr 2013 15:27:03 GMT

Emerging-market stocks gain led by technological sector

Emerging-market shares increased to their highest level in one month on Tuesday mainly due to a rally of technological sector companies led by Hermes Miscrovision Inc. as investors seek for more risky assets amid global monetary measures speculation. The MSCI Emerging Market Index gained 0.6% to 1,033.19 as of 12:41 p.m. Hong Kong time reducing this month's fall to 0.2%.

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