German shares climb on central bank outlook

Source: Bloomberg
© Scanpix/Agence France-Presse
German shares gained for a fifth day in a row, with the benchmark DAX Index heading for the biggest one-week advance since November, on optimism that all major central banks will keep theirs policies unchanged. The DAX Index added 0.5% to 8,197.85 as of 9:43 a.m. Frankfurt time and it has risen 5% weekly, while the HDAX Index climbed 0.5% today.
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Fri, 12 Jul 2013 11:49:06 GMT

U.K. bonds jump for fifth day ahead of construction report; Pound falls

U.K. 10-year government gilts climbed for the fifth day, the longest duration of decline since March, ahead of the data today that economists expect to indicate U.K. construction production declined in May. The benchmark 10-year U.K. bond yield dropped five basis points to 2.33% and the 1.75% note expiring in September 2022 jumped 0.37 to 95.22.

Fri, 12 Jul 2013 11:27:05 GMT

Gold eases following optimistic week

Prices of gold were slightly higher on Friday, as they were set for the biggest weekly gain since the end of 2011 on higher sentiment fueled by the Federal Reserve Chairman Ben Bernanke's about maintaining bond purchases. Gold futures gained 0.02% to $1,280.20 per ounce, adding to signs the futures are 5.6% higher this week. 

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