Monday, August 11, 2014

News Curator: Asian Morning Briefing: U.S. Stocks Climb Higher

SNAPSHOT 

U.S. investors shrugged off tensions overseas, taking stocks higher in quiet trading. There were no key economic data to drive markets. Treasurys held steady. The euro slipped ahead of inflation and growth data due later in the week. U.S. oil prices edged higher and gold futures finished flat as traders kept an eye on developments in Ukraine and the Middle East.

OPENING CALL 

New Zealand government bond yields are pushing higher Tuesday as a "heavy week of issuance" likely put pressure on prices, says BNZ strategist Raiko Shareef. The Debt Management Office will offer NZ$200 million of nominal bonds Thursday, and the Local Government Funding Agency will also tender NZ$285 million of bonds Wednesday, including NZ$110 million of a new 2020 bond. BNZ expects solid demand for the new LGFA bond.

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