German stocks drop before European leaders' meeting

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Source: Bloomberg
German stocks tumbled for a third day amid investors awaiting the result of meeting between French, German and Greek leaders to review second bailout program for Greece. The DAX Index declined 0.3% to 6,931.14. The gauge still advanced 16% from the year's lowest level on June 5.
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Fri, 24 Aug 2012 17:41:56 GMT

Treasuries gain amid Fed speculation

U.S. Treasuries advanced for a sixth straight day amid belief the Fed will step up efforts to cut borrowing costs just as its meeting in September to boost the U.S. economy. The benchmark 10-year note rate slipped to 1.66%. The 1.625% note maturing in August 2022 increased 7/32 to 99 22/32.

Fri, 24 Aug 2012 17:19:56 GMT

Asia stocks slid on concern U.S., China growth weakens

Asia's stocks dropped amid signs of weaker growth in the U.S. and China and on worries Europe's leaders are not improving the situation over the euro-debt crisis. Japan's Nikkei 225 stock average tumbled 1.2%, while Australia's S&P/ASX 200 Index dropped 0.8%. Hong Kong's Hang Seng Index declined 1.3%.

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