Gold stays above $1,300 amid speculation about less stimulus

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Source: Bloomberg
Gold swung between gains and losses on Friday trading session staying above $1,300 an ounce and heading for the largest advance in a week in a two-month period amid speculation of less stimulus by the Federal Reserve. Bullion for delivery in October fluctuated and it was traded 0.3% lower at $1,316.55 an ounce as of 2:25 p.m. Singapore time.

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Fri, 18 Oct 2013 08:40:07 GMT

European shares trade near 5-year high

European shares increased on Friday with the stock-index futures rising near the highest level in five years after the government data showed that China's economic growth expanded for the first time in a three-quarter period. Euro Stoxx 50 Index futures with delivery in December gained 0.5% to 3,019 as of 7:11 a.m. London time and the U.K.'s FTSE 100 Index

Fri, 18 Oct 2013 08:18:04 GMT

Japan's credit rating is affirmed by S&P

Sovereign debt rating of the Asian second-largest economy was affirmed by the Standard & Poor's due to an improved political stability and strong external position, the rating agency showed in a report on Friday. According to the report, Japan's long- and short-term sovereign credit rating was affirmed at ‘AA-‘ and ‘A-1+' respectively, although the long-term rating outlook stays negative.

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