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NOV 15, 2013 - TheStreet

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The Deal: European Stocks Flat, Asia Gains on Yellen Remarks

LONDON (The Deal) -- European stock indices held firm and Asian stocks rose after incoming Federal Reserve Chief Janet Yellen defended the central bank's bond-buying program during her confirmation hearing before the Senate Banking Committee Thursday and said she sees no signs of equity "bubble-like conditions." Meanwhile, the European Union's statistics arm said eurozone October consumer prices rose 0.7% year-on-year, down from a 1.1% inflation rate in September. Prices fell 0.1% on the month. The fear of deflation was widely believed to be the trigger for last week's shock rate cut ... Read More

Tags: The Deal: European Stocks Flat, Asia Gains on Yellen Remarks,  Graincorp Latest News