European stocks gain before Eurozone's retail sales

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Source: Bloomberg
© Scanpix/RS
European shares advanced on Wednesday pushing the benchmark index Europe 600 towards its highest level since May 2008 before a report showed that retail sales in the 17-nation bloc declined and as German factory orders expanded. Stoxx Europe 50 Index futures expiring in December gained 0.4% to 3,040 as of 7:21 a.m. London time, while the Stoxx 600 traded 0.2% below this year's high reached on November 4.

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Wed, 06 Nov 2013 10:39:04 GMT

German bunds gain before ECB policy meeting

German government bonds increased on Wednesday as the country auction five-year bunds totalling 4 billion euros today before tomorrow's policy meeting of the European Central Bank expected to bring no change in the area's interest rates. The benchmark 10-year bunds slipped two basis points to 1.73% as of 7:15 a.m. in London after rising 0.07% yesterday.

Wed, 06 Nov 2013 10:17:05 GMT

Real falls on concern of credit rating cuts

The Brazilian currency slipped on Wednesday recording the largest drop among emerging-market currencies on concerns that credit rating of the country may be cut amid lack of effort by the local government to control budget deficits. Brazil's Real decreased 1.9% to 2.2890 per U.S. Dollar and it has fallen 3.4% last month, the most among 16 most-traded currencies.

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