Europe News
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Updated 9 minutes ago
Treasuries fell, eroding a rally from yesterday, before an industry report that economists said will show sales of previously owned U.S. homes increased in June from a six-month low.
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Updated 11 minutes ago
Asian stocks rallied the most in a week and South Korea’s won strengthened as better-than-forecast earnings at Apple Inc. supported demand for riskier assets. Oil advanced and bond risk fell on signs U.S. lawmakers are closer to a deal on raising the debt ceiling to avoid a default.
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Updated 26 minutes ago
India’s stock-index futures rose, signaling a gain in benchmark indexes, on speculation the U.S. will reach an agreement to cut its budget deficit, and on optimism corporate earnings will weather rising inflation.
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Updated 56 minutes ago
Pacific Investment Management Co., manager of the world’s biggest bond fund, favors Japan’s shorter-maturity securities as the nation’s trade surplus supports the yen and stems concern its debt burden will widen.
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Updated 24 minutes ago
Oil advanced for a second day in New York as investors bet that shrinking stockpiles and signs of economic recovery in the U.S. indicate fuel demand will increase in the world’s biggest crude-consuming nation.
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Updated 19 minutes ago
James Murdoch, appointed deputy chief operating officer of News Corp. in March, took control at a three-hour hearing on phone-hacking in a performance that may increase his chances of running the media company.
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Updated 53 minutes ago
Gold may rally further from this month’s record if President Barack Obama wins lawmakers’ agreement to raise the U.S.’s debt ceiling, weakening the dollar and boosting demand for the precious metal as a store of value, according to Korea Investment & Securities Co.
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Updated 2 hours, 53 minutes ago
Japanese and Australian stock futures rose on optimism U.S. lawmakers will reach an agreement that will help the world’s largest economy avoid defaulting on its sovereign debt and after Apple Inc.’s profit topped estimates, boosting the earnings outlook for exporters.
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Traders are more bearish on the rand that at any time in the past 10 months as debt crises Europe and the U.S. sap demand for higher-yielding assets and a strike by South African fuel workers threatens economic growth.
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Junk corporate bonds are turning into a losing bet in Europe as surging sovereign yields infect assets that just 18 months ago were handing investors returns of more than 75 percent.
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