German 10-year bonds drop following auction

Source: Bloomberg
© Scanpix\AFP
German 10-year government bunds contracted as the Germany auctioned 3.19 billion euros of the securities. German 10-year note yield advanced three basis points to 1.58% and the 1.5% security maturing in May 2023 decreased 0.255 to 99.29. Two-year bund yields jumped one basis point to 0.1%. Germany auctioned bonds at an average 1.57% yield.

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Wed, 17 Jul 2013 14:45:15 GMT

European stocks gain before Bernanke's speech

EU stocks advanced, erasing previous losses, before Fed Chairman Ben Bernake's speech to the Congress later this day which may provide investors with information about the Fed's stimulus plans. Euro Stoxx climbed 0.38% to 2,675.61. Germany DAX increased 0.27% to 8,223.38 and the French CAC 40 added 0.40% to 3,866.39.

Wed, 17 Jul 2013 13:47:05 GMT

Japan stocks jump ahead of Bernanke speech as Yen falls

Japan's stocks inched up, with the Topix index rising for the third day, as the Japanese Yen depreciated versus the U.S. Dollar and investors expected speech by the Federal Reserve Chairman Ben Bernanke. The Topix advanced 0.2% to 1,213.24 and the Nikkei 225 Stock Average gained 0.1% to 14,615.04. The yen slipped 0.3% to 99.37 against the greenback.

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