Portuguese President supports Coelho's staying in office

Note: This section contains information in English only.
Source: Bloomberg
Prime Minister of Portugal Pedro Passsos Coelho got the support from the President Cavaco Silva to continue government's work till 2015, the end of the government's term. Cavaco Silva believes that early elections would prevent successful attainment of a bailout programme. The yield on 10-year bonds declined 40 basis points to 6.4% as of 10:39 a.m. in London.
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Mon, 22 Jul 2013 11:32:24 GMT

Copper increases before U.S. reports on house sales

Copper advanced for a third consecutive day before reports on house sales projected to show an increase in sales in the U.S., the second-largest metal consumer country. Copper settlement in three months gained 1% to $6,986 a metric ton at 10:53 a.m. on the London Metal Exchange. September's delivery advanced 0.9% to$3.1695 a pound on the Comex in New York.

Mon, 22 Jul 2013 11:01:06 GMT

European equities climb on good financial results

European stocks advanced after some major companies and two Swiss banks reported better-that-estimated earnings. The Euro Stoxx 50 gauge rose 0.46% to 2,728.79. Germany's DAX reached 8.356.23, up 0.3%. The French CAC 40 gained 0.34% to 3.356.23, while Britain's FTSE 100 index declined 0.05% to 6,627.30 as EVRAZ, steel and mining company, lost 2.16%.

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