UPDATED 7:15 EST - EQUITIES - European stocks advanced for the first time in three days as Federal Reserve chairman nominee Janet Yellen said the U.S. economy must improve before monetary stimulus is pared. U.S. index futures and Asian shares climbed. FIXED INCOME - The Treasury’s $24 billion sale of 10-year notes attracted the most demand in five months from a class of investors that includes foreign central banks as the Federal Reserve assesses the future of its bond-buying program. COMMODITIES - Gold gained for a second day after Federal Reserve Chairman nominee Janet Yellen backed stimulus until the economy and labor market improve. CURRENCIES - The yen weakened beyond 100 per dollar for the first time since September after a government report showed economic growth slowed last quarter, adding to the case for the Bank of Japan to boost stimulus. ECONOMIC DATA - CAD Trade Balance, US Unemployment Claims, US Prelim Nonfarm Productivity q/q and US Trade Balance due at 8:30, Fed Chairperson-Designate Yellen Testifies at 10:00, Natural Gas Storage at 10:30 and Crude Oil Inventories at 11:00 ET.
Posted on: Thu, 14 Nov 2013 12:29:26 +0000
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