Soybean futures rise on the EU optimism

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Source: Forexpros

Soybean futures increased on the more positive economic perspective for the EU caused by hopes that the EU leaders will put more efforts in struggling with the debt crisis. Soybean futures for January delivery rose by 1.4% on the Chicago Mercantile Exchange after 13-month low and approached USD 11.2312 a bushel at the early European trade.

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Mon, 28 Nov 2011 14:49:53 GMT

FTSE 100 rebounds first time since November 11

FTSE 100 surged after weekend reports suggesting that EU officials have made progress in taming region's debt crisis. The index is experiencing the first rebound since November 11. At the moment of writing FTSE 100 is 2.3% up at 5,283.48. Similar to Asia, banks and mining companies contributed positively to the index. Lloyds Banking Group PLC edged up 5.0% while shares of Antofagasta PLC increased 4.3%

Mon, 28 Nov 2011 15:03:37 GMT

Belgian auction

The government of Belgium sold over 2 billion euros of bonds hitting the expected range despite recent downgrade of its rating by Standard & Poor Rating Services. Bids surpassed supply 2.6 times. The Belgian Debt Agency expected to sell from 1.5 billion to 2 billion euros of bonds in total. The yield on 10-year government bonds decreased by 9 basis points to 5.69%, reported FactSet

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