Treasuries gain before Yellen become Fed's Governor

Source: Bloomberg
U.S. Treasuries advanced on Wednesday before the future Federal Reserve Governor Janet Yellen faces a confirmation hearing on Thursday on speculation the central bank may keep the bond-purchases at current level in order to avoid an economic slowdown. The U.S. benchmark 10-year yields dropped two basis points to 2.75% by 6:53 a.m. London time.

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Wed, 13 Nov 2013 09:38:16 GMT

Japan's shares fall led by builders and shipping companies

Stocks in Japan declined on Wednesday with the regional benchmark index Topix snapping a two-day gain as builders and shipping companies fall and as investors weighed corporate earnings. The Topix dipped 0.1% to 1,204.19 Tokyo time following an increase of 0.4% earlier on the session, while Nikkei 225 Index decreased 0.2% to 14,567.16.

Wed, 13 Nov 2013 09:16:37 GMT

Won drops to one-month low on stimulus

The South Korean currency decreased on Wednesday dropping to the weakest level in a month after demand for emerging-market currencies fell as the Federal Reserve representatives signaled that the stimulus may be trimmed as early as December. The Won weakened 0.1% to 1,072.53 per U.S. Dollar in Seoul following a slip to the lowest since October 10 at 1,074.20 earlier

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