Asian stocks decline amid Fed policy direction and Japan's outlook cut

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Source: Bloomberg
Asian stocks declined, as Japan cut its economic assessment and as investors expect signs of monetary policy direction from the Fed. The MSCI Asia Pacific Index fell 0.6% to 119.14, approaching the lowest close since August 6. Japan's Nikkei 225 Stock Average dropped 0.6% and South Korea's Kospi lost 0.3%. Hong Kong's Hang Seng Index slid 0.2%, while both China's Shanghai Composite Index and Australia's S&P/ASX 200 Index gained 0.1%.
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Tue, 28 Aug 2012 08:19:06 GMT

Silver inched down as hopes for QE3 started to fade

Precious metals moved lower on Monday amid broadly stronger US Dollar and mixed global equities. Moreover, speculation that US consumer confidence data due on Tuesday will beat expectations weighted down on the commodity group. Gold dropped as hopes for QE3 in the US started to fade amid strong US data releases. Weak physical demand from India in view of poor crops

Tue, 28 Aug 2012 07:44:08 GMT

Yen and Dollar strengthen versus peers on signs of downturn

The U.S. Dollar and Japanese Yen advanced versus most of counterparts as Japan downgraded its economic outlook and German data is expected to indicate consumer sentiment deterioration, adding to concern growth of global output is weakening. The Yen rose 0.4% to 98.03 per common currency and gained 0.3% to 78.52 per greenback. The U.S. Dollar climbed 0.1% to $1.2485 per

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