Pound rises against U.S. Dollar amid higher house prices

Source: Bloomberg
© Scanpix/RS
The British Sterling increased on Monday rebounding from the lowest level in six weeks against the U.S. Dollar after the a report  showed that house prices in the U.K. advanced for the fifth successive month in May. The Pound rose 0.2% to $1.5196 as of 10:41 a.m. in London following a fall to $1.5158 on May 17, the weakest level since April 4.

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Mon, 20 May 2013 14:43:07 GMT

Asian stocks surge after U.S. consumer sentiment report

Asian shares increased on Monday rising for the first time in a three-day period with the local benchmark index heading to the strongest level since June 2008 after a report showed that consumer sentiment in the U.S. rose more than expected. The MSCI Asia Pacific Index advanced 1.2% to 144.25 at 8:13 p.m. Tokyo time and it has added 12%

Mon, 20 May 2013 13:46:06 GMT

Sugar futures in China fall amid oversupply in global market

Sugar futures traded in China dropped on Monday after the country's government announced a program of purchases totaling 300,000 tons of local sugar, the amount is expected to be small to absorb a global-market oversupply. Refined sugar for delivery in September, the most actively-traded contract, declined by 0.7% to 5,162 yuan, or $841, a metric ton.

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