European equities drop on concerns about Greek bailout

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Source: Bloomberg
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European shares tumbled on concerns Greece might fail to secure the bailout and tomorrow's elections in the U.S. The Stoxx Europe 600 dropped 0.4% to 273.77, prior to that, S&P's 500 index extended its loss and stood at 0.9% on Friday. Siemens AG eased 0.8% on additional costs that might occur to quit its solar business, whereas CGGVeritas plunged 2.1% as their earnings underscored analyst forecasts.

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Mon, 05 Nov 2012 12:07:16 GMT

British pound reaches a five-week high against the euro

The British pound reached a five-week high versus the Euro as report might show the U.K. services industry grew. The currency advanced for the fourth consecutive day on expectations for the upcoming two-day meeting of BOE to decide in favor of adding more monetary stimulus. Sterling surged 0.1% to 79.78 pence per euro, exceeding its previous high of 79.86 pence on Oct.2.

Mon, 05 Nov 2012 11:45:18 GMT

Treasuries rally amid forecasts on service industry growth in the U.S.

Treasuries advanced from their last week's low as service sector in the U.S. and non-manufacturing industries in China are forecast to expand in October. The yields on 10-year bonds rallied and stood at 33 basis points on the presidential elections tomorrow. Meanwhile, the yields on 10-year notes in the U.S. were 1.71%, and the price for 1.625% note held at 99 7/32. The yield is expected

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