Emerging market stocks are little changed on Tuesday

Source: Bloomberg
© Scanpix/FP
The majority of emerging-market shares increased on Tuesday as the advance was led by industrial and solar companies, while financial companies fell. The MSCI Emerging Market Index was traded at 1,047.97 as of 1:36 p.m. Hong Kong time with 253 stocks gaining and 245 stocks falling, whereas the South Korea's Kospi Index dropped 0.2% and the Jakarta Composite Index slid 0.6%.

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Tue, 21 May 2013 08:09:52 GMT

Treasuries little changed before Fed's meeting

U.S. Treasuries were little changed on Tuesday pushing the benchmark 10-year yields towards the highest level in two months as Chairman of the Federal Reserve Ben Bernanke discussed outlook of the economy and possible tapping of monetary stimulus. U.S. 10-year bonds yielded at 1.965% at 6:42 a.m. London time after they rose to 1.98% on May 15.

Tue, 21 May 2013 10:14:04 GMT

Aussie is traded higher against Dollar ahead of Bernanke speach

The Australian Dollar was traded higher by 0.1% to 98.18 per U.S. cents in the of Sydney trading session on Tuesday. The pair holds the biggest increase in two months versus the greenback ahead Federal Reserve Chairman Ben Bernanke testimony in Congress tomorrow. Investors speculate that U.S. policy makers might reduce bond purchases.

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