European shares gain for second straight day

Source: Bloomberg
© Scanpix/Agence France-Presse
European shares rose for a second straight day after Chinese trade data topped the expectations. The Stoxx Europe 600 Index added 0.3% to 304.94 as of 8:08 a.m. London time and it is set for 0.3% advance this week. The gauge has increased 11% since June 24, when it reached the lowest level after ECB and BoE stated that they will remain the interest rates low.
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Fri, 09 Aug 2013 08:58:06 GMT

German bunds fall ahead of French industrial data

German government bunds declined, prolonging a weekly fall, ahead of data that analysts said will indicate industrial output in France increased in June. The 10-yer bond yield jumped two basis points to 1.71% and the 1.5% bond maturing in May 2023 retreated 0.165 to 98.17, adding to signs German bunds contracted 1.4% this year.

Fri, 09 Aug 2013 08:36:11 GMT

Aussie rises to 10-day high amid Chinese production

The Australian currency jumped against the greenback as better-than-forecast China's industrial output helped the Australian Dollar to stay above $0.91. The Australian Dollar advanced 0.45% to $0.9143 versus the U.S. Dollar and rose 0.53% to A$1.4626 against the Euro. Chinese industrial output grew 9.7% in July from a year ago, overshooting analysts expectations of 8.9% jump.

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