Emerging-market stocks rise to 7-week high

Source: Bloomberg
© Scanpix/RS
Emerging-market shares increased on Tuesday to the highest level in seven weeks as the climb was led by materials and industrial companies, while Malaysian stocks advanced for the second straight day as new prime minister was elected. The MSCI Emerging Market Index gained 0.1% to 1,047.51 at 1:08 p.m. Hong Kong time set to close at the highest since March 14.

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Tue, 07 May 2013 10:18:03 GMT

European stocks rise amid favourable quarterly results of companies

European stocks jumped on Tuesday as some companies including Commerzbank AG, Credit Agricole and Societe Generale reported quarterly results showing better-than-forecast earnings in the Q1. Benchmark Euro Stoxx 50 Index futures advanced by 0.3% to 2,724 as of 7:03 a.m. London time, while the Stoxx Europe 600 Index closed near a 5-year high yesterday.

Tue, 07 May 2013 09:56:04 GMT

Asian stocks rise as RBA lowers interest rate

Asian shares gained for the second straight day on Tuesday as the Japanese benchmark index Topix erased losses since 2008's Lehman Brothers collapse and as the Reserve Bank of Australia lowered the benchmark cash-rate by 0.25% and the ECB will cut the interest rate in case there will be no signs of improvement in the economy. The MSCI Asia Pacific jumped

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