European equities head for second weekly loss

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Source: Bloomberg
© Scanpix/FP
European shares swung between gains and losses on Friday as equities were set to record their second weekly decrease amid speculation that lawmakers in the U.S. may not be able to reach an agreement about new debt ceiling and the federal budget. Futures of the benchmark index Euro Stoxx 50 for settlement in October dropped 0.1% to 2,888 as of 7:07 a.m. London time, while the Stoxx Europe 600 has fallen 0.8% this week.

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Fri, 04 Oct 2013 08:57:07 GMT

Treasuries slip as economists see solution about new budget

U.S. Treasuries decreased on Friday falling for the first time in a 3-day period after Larry Fink from BlackRock Inc. and Pacific Investment Management's Bill Gross claimed that Barack Obama and U.S. policymakers will find a solution about the federal budget. The benchmark 10-year government bond yielded at 2.62%, down 0.02%, by 6:59 a.m. London time.

Fri, 04 Oct 2013 08:35:04 GMT

Bullion trades above $1,300 as U.S. policymakers fails to agree on new debt ceiling

Gold was traded above a level of $1,300 an ounce trimming its weekly fall as traders weighed on the partial shutdown of the U.S. government resulting in weaker economic indicators and as U.S. policymakers failed to agree on a new debt limit. Bullion for October settlement advanced 0.5% to $1,323.36 an ounce and was traded at $1,320.02 as of 2:12

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