Loonie depreciates as GDP growth fails to reach forecast

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Source: Bloomberg
The Canadian Dollar dropped after the nations released disappointing economic data on GDP growth in May, boosting speculation that the Bank of Canada will not stop monetary stimulus anytime soon. The loonie declined 0.27% to C$1.0333 per U.S. Dollar as of 8:31 a.m. Toronto time. Canada's economy expanded 0.2% in May, while analysts expected a 0.3% increase.
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Wed, 31 Jul 2013 14:53:09 GMT

Treasury yields advance as GDB and jobs data exceeds forecast

The benchmark ten-year yield gained six basis points to 2.67% as of 8:50 a.m. New York time. The 30-year treasury yields were at 3.74%, the highest levels since August 16, 2011, after reports showed U.S. Economy expanded 1.7% in the second quarter and employers provided additional 200,000 jobs this month, while economists expected only 180,00 new positions.

Wed, 31 Jul 2013 15:12:09 GMT

European equities fluctuate as investors struggle for direction

European stocks traded flat, the Stoxx Europe 600 gauge increased slightly to 299.55. Investors wait for the U.S. report on GDP growth in the second quarter, and investors seek some hints form the Federal Reserves about monetary policy plans. Markets struggled to interpret mixed data. Retail sales unexpectedly dropped in Germany, while unemployment rate fell in June, the first decline

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