German bonds drop as economy shrinks less than expected

Note: This section contains information in English only.
Source: Bloomberg
German Bunds declined for a second day as a report posted Germany's GDP fell less than estimated in the second quarter, diminishing demand for safer assets. The 10-year bond yields gained to 1.44%. The price for 1.75% security due in July 2022 dropped 0.36 to 102.82. The two-year bond yield was little changed at -0.038%, after reaching a record low of -0.097% on Aug. 2.
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Tue, 14 Aug 2012 11:22:30 GMT

Swiss producer and import prices ease decline pace in July

Switzerland's producer and import prices tumbled at a lower pace for the second straight month in July, the statistical office announced on Tuesday. The producer and import price index dropped 1.8% on year, after a 2.2% fall in June. Analysts estimated a 1.7% decline, but the drop still was the smallest since July 2011, when it posted a 0.6% fall.

Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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