Sterling appreciates against greenback

Source: Bloomberg
© Scanpix/Reuters
The British currency gained versus the greenback ahead of the consumer- and producer price report that is expected to show a rise at faster pace in June, according to economists. The Sterling added 0.2% to $1.5133 as of 7:30 a.m. London time after slipping to $1.4814 on last Monday, the weakest since June 2010. The Pound was at 86.46 pence per Euro; moreover, it touched 86.94 pence on previous Thursday.
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Tue, 16 Jul 2013 09:24:05 GMT

Most European shares gain ahead of German report

Most European shares inched up as investors expected a report that may indicate German investor sentiment advanced to 40 in July. The Stoxx Europe 600 Index gained less than 0.1% to 297.56. Equities rose to an almost the highest level in six weeks yesterday after U.S. retail sales jumped and China's economic expansion matched expectations. 

Tue, 16 Jul 2013 08:19:08 GMT

Treasuries fall as output prospects fuel tapering speculation

Treasury yields recovered from the lowest level in a week ahead of data that may indicate industrial output advanced, boosting speculation the U.S. economy has grew enough to start tapering stimulus. The benchmark 10-year note yield gained to 2.55% and the 1.75% bond expiring in May 2023 decreased to 93 2/32. The 30-year bond yield jumped to 3.60%. 

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