U.K. shares rise for fourth straight day

Source: Bloomberg
© Scanpix/Associated press
U.K. shares advanced, led by FTSE 100 Index rise for fourth day in a row, on bets China might cut interest rates to spur economy. The FTSE 100 climbed 0.4% to 6,355.73 as of 9:32 a.m. London time; however, the equity benchmark has dropped 7.1% since May 22 on worries the Fed will taper its stimulus. The broader FTSE All-Shares Index added 0.4% today and Ireland's ISEQ Index slid 0.1%.
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Tue, 18 Jun 2013 11:24:13 GMT

U.S. Dollar appreciates as German and U.K. bonds fall ahead of Fed meeting

The U.S. Dollar appreciated as investors were expecting signals from the Federal Reserve about starting to taper stimulus. European shares remained flat, while German bunds and U.K. gilts declined. The greenback rose to 0.7% to 95.15 versus the Yen. U.K. 10-year bond yield inched up to 2.12% and the similar-maturity German bunds increased to 1.55%

Tue, 18 Jun 2013 11:02:15 GMT

Oil prices advance before inventory data

U.S. crude oil futures prices advanced on Tuesday, before the weekly inventory data that are expected to fall in inventories. Crude oil for July delivery gained 0.3% reaching $98.01 a barrel. Oil prices slipped 8 cents on Monday after the report from Financial times indicated that the Fed's Bernanke plans to state they are close to winding down its stimulus programme.

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