European stocks increase as companies report earnings

Source: Bloomberg
European stock futures recorded a modest increase earlier on Wednesday trading session pushing the regional benchmark index to the highest level in almost 5 years after companies from ING Groep to Deutsche Telekom AG reported better earnings than forecast. Euro Stoxx 50 Index gained 0.1% to 2,737 earlier on Wednesday, while the Stoxx Europe 600 Index advanced to the strongest level since June 2008 yesterday.
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Wed, 08 May 2013 10:06:04 GMT

Emerging-market stocks rise after China's trade data

Emerging-market shares advanced for the fourth straight day with the regional benchmark index erasing this year's losses after a report showed that imports and exports in China rose by more than estimated. The MSCI Emerging Market Index increased by 0.4% to 1,056.55 as of 12:20 a.m. Hong Kong time recording the highest closing price since March 12.

Wed, 08 May 2013 09:22:04 GMT

Aussie drops to 2-month low before China's data

Australian currency dropped on Wednesday falling towards the lowest level in a two-month period before a report showed that exports and imports in China advanced by more than expected , the largest trading partner of Australia. The so-called Aussie slid 0.1% to $1.0177 at 10:02 a.m. Sydney time following yesterday's decline to the lowest since March 4 at $1.0155.

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