European bonds gain as ECB rate cut is highly expected

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Source: Reuters
The majority of government bonds across the Eurozone increased on Wednesday pushing the benchmark 10-year yields towards record lows amid speculation that the European Central Bank may cut its interest rates next month on the policy meeting. The German 10-year bunds yields fell to the weakest level in one year of 1.38%, while the Italy's 10-year yields dropped to 2.90%.

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Wed, 14 May 2014 16:07:04 GMT

Euro steadies as BoE keeps rates stable

The 18-nation bloc currency held steady versus its U.S. counterpart on Wednesday and it rebounded from the weakest level in sixteen months against the British Sterling after the Bank of England decided to maintain its interest rates unchanged. The Euro was traded at $1.3710 after falling to $1.36885 yesterday, while it was last seen at 81.75 pence.

Wed, 14 May 2014 15:45:08 GMT

Asian shares fluctuate as U.S. shares close at record high yesterday

Asian equities increased on Wednesday trading session as investors' appetite improved after the benchmark U.S. stock index Standard & Poor's 500 closed at its new all-time high. The MSCI broadest Asia-Pacific gauge outside Japan added as much as 0.8%, the Hong Kong benchmark index inched higher by 1%, while the Japan's Nikkei 225 fell 0.1%.

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