Fed may cut its stimulus in September, Deutsche Bank says

Note: This section contains information in English only.
Source: Bloomberg
The Fed is likely to start unwinding its monetary easing already in September and end it completely by the end of the year, Deutsche Bank says. Earliest cut will consist of $10 billion of mortgages and $15 billion of U.S. government bonds, totaling $25 billion. The current size of bond-purchasing programme is $85 billion per month. The cut is expected only if the economy and labor market keep improving throughout the summer.
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Wed, 05 Jun 2013 06:56:05 GMT

Greenback remains above 100 Yen on Fed speculation

The U.S Dollar remained above 100 against the Yen for a second straight day, after advancing from the lowest in more than three weeks, ahead of the U.S. jobless claims that may influence the Fed's stimulus programme. The greenback rose 0.2% to 100.18 Yen as of 11:04 a.m. Tokyo time, compared to yesterday, when it appreciated 0.5%.

Tue, 04 Jun 2013 15:29:01 GMT

Canadian shares steady after Oil stocks increase

Canada's shares were steady after energy producers climbed, while wireless providers and gold producers decreased. The Standard & Poor's/TSX Composite Index gained less than 0.1% to 12,611.63, the index has advanced 1.4% this year. Niko Resources Ltd., Petrominerales Ltd. and Penn West Petroleum Ltd. added at least 1.7% to lead gains between oil and natural gas shares.

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