European stocks gain on U.S. budget agreement optimism

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Source: Bloomberg
The Stoxx 600 Index add 0.6% to 274.73 in early London trading session on Thursday. European equities rise in the highest level in last three weeks, as investors' optimism grows that Barack Obama, the U.S. President, will reach a settlement with Congress on a new budget for 2013 and avoid the so-called fiscal cliff. Most active stocks for this morning was Rio Tinto Group, Volkswagen AG and Invensys Plc.
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Thu, 29 Nov 2012 12:14:19 GMT

German Bonds rise ahead Geithner meeting

German bonds with 10-year yields were 0.01 percentage point higher to 1.38%, in early London trading session on Thursday. Bonds rise from the lowest level in last week as yesterday dropped to 1.35%. The price of the Euro area's safest assets increase before U.S. Treasury Secretary Timothy Geithner holds a meeting with congressional leaders in order to avoid so-called fiscal

Thu, 29 Nov 2012 10:54:20 GMT

Zinc retreated on rising stocks at LME and SHFE

Industrial metals apart from nickel tanked on Wednesday as market participant remained worried about Greek debt woes and looming US fiscal battles. Market sentiment was further dampened by increased caution ahead of the key US data due on Thursday. Meanwhile, softer US Dollar restricted the downswing.Aluminum slumped as stocks at global exchange warehouses remained elevated despite a recent decline in

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