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Business & Finance

Bunds hit day's low after forecast-beating US data

Published May 31, 2013 Updated May 31, 2013 03:49pm
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By Abdul Ahad
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imageLONDON: German Bund futures reversed gains on Friday to hit session lows after data showed business activity in the US Midwest rose by more than expected.

The Institute for Supply Management-Chicago said on Friday its index of Midwest business activity rose in May to 58.7 from 49.0 in April and above the 50.0 forecast in a Reuters data.

German Bund futures fell to 143.51, down 22 on the day. It stood at 143.86 shortly before the data.

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