Hang Seng surged 1.61% on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Hong Kong shares started the week on the positive note amid global easing hopes. The ECB is likely to provide monetary stimulus to save the Euro while the Fed may loosen its policy to facilitate sluggish economic recovery.  At the same time, profit warnings released on Friday continued to weight on investors' sentiment. Hang Seng Index outperformed its Asian counterparts, climbing 1.61% to 19,651.05. Financials moved higher as HSBC advanced ahead of its earnings report later in the day. Bank of China and Hang Seng Bank rose 0.34% and 0.66%. Oil and gas companies also inched up by 1.4%.  Sinopec and PetroChina advanced 2.21% and 0.52%.
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Mon, 30 Jul 2012 15:15:48 GMT

FTSE 100 climbed after Italian debt auction

UK stocks moved higher after Italian debt auction on Monday. Italy's 10-year bond yields declined below 6%, indicating better risk-sentiment in the market. UK's equities also continued to draw strength from global easing speculation. FTSE 100 Index climbed 0.5% to trade at 5,658.00 at the time of writing. Oil and gas and financial sectors  posted the largest gains. BG and

Mon, 30 Jul 2012 14:26:47 GMT

Spain's, Italy's bonds rally on stimulus pledge

On Monday, Spanish and Italian bond yields hit their two-week lows on promising pledges from ECB President, Germany's Chancellor and Italy's Prime Minister about preserving the Euro. Spanish 10-year bond yields dropped to 6.59%, the lowest level since July 12. Italian 10-year bond yields tumbled to 5.87%.

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