Markets
Bunds reverse gains as equities open higher
LONDON : German Bunds reversed early gains on Tuesday as European equity markets opened higher, tracking gains on Wall S
1 min
By
The FTSEurofirst 300 rose over 1.5 percent in early trade after data on Monday eased concerns the US economy is heading for a recession and on investor hopes the Federal Reserve may announce some measures to help revive the economy.
German Bund futures briefly dipped into negative territory and were last 9 ticks higher at 134.48. The contract hit a session high of 134.80 after rallying at the open on nerves ahead of an Italian bond sale.
Copyright Reuters, 2011