Germany sells bonds at record low yields

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Source: Bloomberg
Germany sold two-year bills at record low borrowing costs on January 18, after S&P left Europe's biggest economy's credit rating unchanged at AAA. Bonds with two years maturity were sold at average yield of 0.17% compared to 0.29% in December. The demand almost two times surpassed the maximum target amount of 4 bn Euros of debt. 
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Thu, 19 Jan 2012 08:12:34 GMT

US stocks rally on quarterly results

US stock market experienced gains on Wednesday as several big companies such as EBay and F5 Networks posted better than predicted quarterly results. S&P 500 Index gained 1.11% or 14.37 points and closed at 1,308.04, Dow Jones Industrial Average Index climbed 0.78% or 97 points to 12,578.95 and Nasdaq Composite jumped 1.53% or 41.63 points at 2,769.71.

Thu, 19 Jan 2012 08:11:38 GMT

Aussie weakens on jobs report

Australian Dollar depreciated against the Greenback on Thursday after country reported the number of jobs unexpectedly declined in December and unemployment rate remained unchanged. Meanwhile the Kiwi fell against its US peers, on national statistics showing consumer prices tumbled in the 4th quarter. Aussie dropped 0.3% to $1.0400 and Kiwi weakened 0.2% to $0.8032. Currently AUD/USD is trading at $1.0386 and

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