U.S. bonds rise on Fed's comments

Source: Bloomberg
© Scanpix/Reuters
U.S. government bonds will probably rise for a second consecutive week after Ben Bernanke affirmed that the Fed will not start reducing its stimulus in September. Yield on 10-year Treasuries dropped 2 basis points to 2.51% so far today. The yield decreased 7 basis points this week, after decreasing 16 basis points a week earlier.
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Fri, 19 Jul 2013 07:02:09 GMT

Gold jumps for a 2nd day despite Bernanke's testimony

Prices of gold inched up for the second day in a row following Wednesday's decrease amid bets that precious metal demand may recover in the future, despite the Federal Reserve Chairman Ben Bernanke's forecast that gold should fall in the near term. Gold futures advanced 0.49% to $1,290.59 per ounce and spot gold gained 0.59% to $1,291.80.

Fri, 19 Jul 2013 06:55:04 GMT

Emerging market stocks fall, led by technology industry

Stocks prices in developing countries dropped for a second consecutive day, led by technology shares. The MSCI Emerging Markets Index slid 0.3% to 954.45 so far today, decreasing a weekly gain to 1%. Technology stocks retreated 1.7%, the most out of all 10 industries in the gauge, after Taiwan Semiconductor predicted lower-than-expected earnings in Q3.

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