UPDATED 6:30 ET - EQUITIES - European stocks rose for a seventh day, their longest winning streak this year, as data showed China’s economic growth accelerated for the first time in three quarters. U.S. index futures and Asian shares also gained. FIXED INCOME - Treasuries advanced for a third day amid speculation the partial U.S. government shutdown will curb economic growth and convince the Federal Reserve to keep purchasing bonds into next year. COMMODITIES - Gold swung between gains and losses as it headed for its best weekly advance in two months in London amid speculation the Federal Reserve will delay tapering stimulus. CURRENCIES - The dollar was set for its biggest weekly drop in a month as Federal Reserve officials signaled they’d maintain the pace of monetary stimulus and before U.S. data next week economists said will show home sales fell. ECONOMIC DATA - CAD Core CPI due at 8:30, FOMC Member Evans Speaks at 14:00, FOMC Member Dudley Speaks at 13:40 ET.
Posted on: Fri, 18 Oct 2013 10:32:16 +0000
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