European stocks rise amid favourable quarterly results of companies

Source: Bloomberg
© Scanpix/RS
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.

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Tue, 07 May 2013 10:29:03 GMT

Won trades close 8-week high versus U.S. Dollar

The South Korean currency swung between gains and losses on Tuesday and was traded near its highest level in eight weeks against the U.S. Dollar on concerns that the country's lawmakers will try to slow its appreciation in order to protect exporters. The Won was traded at 1,094.45 per U.S. Dollar at 10:43 a.m. Seoul time after it touched 1,092.29

Tue, 07 May 2013 10:07:06 GMT

Emerging-market stocks rise to 7-week high

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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