Asian stocks rise on hopes for deal in Washington

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Source: Reuters
© Scanpix/RS
Asian equities advanced on Tuesday rising to the highest level in almost five months as investors become optimistic about a possible agreement between the U.S. President Barack Obama and House Republican about the new federal debt limit. The MSCI Asia-Pacific index outside Japan added 0.8% increasing to the strongest level since May 23, while Japan's Nikkei gained 0.5% to a 2-week high.

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Tue, 15 Oct 2013 07:06:02 GMT

U.S. stocks record modest gains on hopes for budget deal

Wall Street ended Monday's trading session with modest increases amid hopes that a deal in Washington between Barack Obama and congressional lawmakers resolve the debt ceiling deadlock soon. The Dow Jones industrial average increased 64.15 points to 15,301.26, the Standard & Poor's 500 Index added 6.94 points to 1,710.14 and the Nasdaq Composite Index climbed 23.40 points to 3,815.28.

Mon, 14 Oct 2013 17:34:04 GMT

Danske Bank changes strategy and dismiss management staff

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