Clear signs the eurozone have crawled out to support the 18-month long recession, European stocks near 10-week peak day (Wednesday), saw the German 10-year bond yields hovering near the highest level in nearly two months.
In the second quarter, the German economy grew by 0.7 percent, its biggest expansion in more than a year, while France's economic growth of 0.5%, more than twice as fast as expected exit their shallow recession.
Europe's two largest economic growth a positive surprise, when the entire 17-nation euro zone's gross domestic product (GDP) data at 0900 GMT (4:00 am EDT) paved the way.
"The recession and the euro zone has been pulled out, said:" Germany has done the lion's share, Dekabank economist Andreas Scheuerle.
Europe's top stocks, has made steady signs of recovery already installed more than three weeks, the FTSE Eurofirst 300 index was flat at 1,236 points. FTEU3 in early trading, its 2013 peak of 1,258.09 within sight.
10-year German government bond prices have stabilized at around 1.83% rate of return, in late June, the Commission has suggested that the U.S. Federal Reserve to cut its bond purchase program, shocking the highest level since the financial markets.
Euro against the dollar slightly firmer but off Tuesday touched $ 1.3260 $ 1.3316 high, upbeat U.S. retail sales data, U.S. bond yields sharply higher, boosted the dollar has been sent.
Standing against a basket of currencies, the dollar index hit a near one-week high Tuesday, while Japan's currency was little changed at 98.13 yen.
FED worry
U.S. benchmark 10-year bonds 2.7%, rising to its highest in nearly two years, the Fed began Tuesday investors tapering USD $ 8.5 billion of asset purchases a month of preparation, held near production.
Talk about the Fed's next upgrade last Tuesday at the Federal Reserve Bank of Atlanta President Dennis Lockhart said it was too early to taper a detailed plan, but does not rule out starting next month, the possibility of it.
His proposal, neither sudden or dramatic boost the market sentiment, the U.S. stock market into the Asian trade.
MSCI Asia-Pacific shares outside Japan broadest indicator. MIAPJ0000PUS flat, while Japan's benchmark Nikkei stock average closed at N225-week high. Hong Kong market closed on Wednesday due to a typhoon.
In the UK, traders focused on the June unemployment data released, explicitly linked to the Bank of England to tighten monetary policy, the opportunity, the unemployment rate dropped earlier this month.
Bank of England policy makers to focus on new unemployment target, sterling and the UK market is generally the most important employment report is a driver, Ned said: "Rumpeltin, head of foreign exchange strategy at Standard Chartered Bank G10.
Also due 1 August policy meeting minutes of the meeting and will be seen how much support the new governor Mark Carney (Mark Carney) to find new clues to forward guidance plan.
Help improve the evidence for global economic growth of 0.2% copper revenue, to 7,285.50 dollars, but the Fed's concern to curb commodity-friendly stimulus see gold slip 1,320.51 dollars per ounce.
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