U.K. economy expands 0.6% in Q2, matching expectations

Source: WBPonline
© Scanpix\Reuters
The U.K. economy expanded in line with expectations by 1.4% in the second quarter of 2013 and rose 0.6% between the first and the second quarters, also as expected. The economy grew as all primary areas of the economy showed expansion, but the main driver to GDP growth was from services sector, that provides 78% of overall production to the economy.
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Thu, 25 Jul 2013 10:43:08 GMT

German stocks drop on BASF SE profit report

Stock prices in Germany declined as BASF SE, the largest chemical company in the world, reported lower-than-expected profits. The company slid 4.4%, while Commerzbank AG dropped 4.1% as a report showed that the bank lent to Detroit. The DAX Index decreased 0.7% to 8,323.07 so far today after rising 0.8% yesterday.

Thu, 25 Jul 2013 10:21:08 GMT

U.S. 30-year yield touches 23-month high ahead of durable goods

Treasury 30-year yields touched the highest point in 23 months ahead of a government data that analysts said will indicate orders for durable goods advanced for the third month. The U.S. 30-year bond yield increased one basis point to 3.66% and the 2.875% bond maturing in May 2043 declined 1/4 to 85 26/32. Benchmark 10-year note yields remained flat at

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