MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent after rising 1.6 percent for a second daily gains on Thursday which took the index away from an 11-month low touched earlier in the week and wipe away this week's steep losses.
Friday, 28 June 2013
US stocks climbed for a third straight day on Thursday after comments from several Federal Reserve officials soothed concerns that the central bank would begin to reduce its stimulus efforts in the near future.
U.S. Treasuries prices gained on Thursday, and a sale of seven-year debt drew more aggressive bidding than markets had expected, in a sign that the bond market is stabilizing after a sharp selloff.
Three-month copper on the London Metal Exchange fell 0.69 percent to $6,703 a tonne by 0136 GMT, from the previous session when it finished little changed. Prices earlier dipped to $6660.50 a tonne, near a three-year low of $6,602 a tonne hit on June 25.
London copper fell on Friday and was trading near three-year lows on jitters about the U.S. Federal Reserve drawing back stimulus, tarnishing the allure of commodities against a backdrop of fitful economic growth.
Gold fell below $1,200 on Friday to its lowest since August 2010 and is on track to record its worst quarter since at least 1968 on persistent worries over the U.S. Federal Reserve's plan to wind down its monetary stimulus.
Thursday, 27 June 2013
US markets closed sharply higher after the weaker-than-expected final read on first-quarter gross domestic product diminished worries that the Fed would taper its stimulus measures in the immediate future. The CBOE volatility index declined near 17.
The Treasury sold $35 billion in five-year notes to the lowest demand since September 2009, with a bid-to-cover ratio of 2.45 times. The notes sold at a high yield of 1.48 percent, the highest auction yield since July 2011..