Pound strengthens versus U.S. Dollar on retail sales

Source: Bloomberg
The British Sterling jumped on Thursday rising for the fourth straight session against the U.S. Dollar after a government report showed that retail sales in the United Kingdom advanced notably last month exceeding projections of experts. The Pound rose as much as 0.3% to $1.6629 as of 11:06 a.m. London time following a gain by 0.6% from the beginning of this week.

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Thu, 27 Mar 2014 16:47:02 GMT

Italy's 10-year yields at lowest since 2005 as ECB may add stimulus

Italian government notes increased on Thursday with the benchmark 10-year yields falling towards the weakest level in almost nine years on speculation that the European Central Bank may add more stimulus into financial system. Italy's 10-year bonds yielded four basis points lower at 3.30% as of 12:37 p.m. in London following a slip to 3.29%, the least since September 2005.

Thu, 27 Mar 2014 16:25:03 GMT

German benchmark index exceeds its monthly drop to 2.7%

German shares dropped on Thursday trading session after rising by the most in a two-day period since September 2013 after upbeat economic data from the U.S. showed an improvement in overall situation boosting demand for U.S. shares. The benchmark index DAX slipped 0.3% to 9,425.27 as of 1:40 p.m. Frankfurt time exceeding the monthly decline to 2.7%.

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