Sterling falls as output data disappoints

Source: Bloomberg
The British currency dropped for the first day out of last three against the greenback after U.K. factory output data missed economist forecasts in November. The Sterling slid 0.4 to $1.6411 as of 10:03 a.m. in London, after advancing to $1.6603 on January 2, the strongest level in more than two years. The Pound added 0.3% to 82.85 pence per Euro after climbing to 82.31 pence on Thursday.
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Fri, 10 Jan 2014 13:05:28 GMT

German shares advance ahead of U.S. unemployment data

German shares gained, heading for the first one-week advances this year, as the U.S. unemployment data are awaited by investors. The DAX advanced 1.1% to 9,522.18 as of 12:42 p.m. Frankfurt time and it is set for 0.9% climb weekly, while the HDAX Index increased 1.1% today. The biggest gainer was Deutsche Lufthansa AG that jumped 7.3%, after they stated

Fri, 10 Jan 2014 11:13:15 GMT

Germany's bunds gain as S&P affirms AAA rating

German government bunds increased on Friday and were set to record their second weekly advance after the rating agency Standard & Poor's affirmed the country's highest AAA credit rating. The benchmark 10-year government bunds yielded two basis points lower at 1.90% by 7:39 a.m. in London and recorded a drop by 5 basis points this week, the largest slide since

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