German shares decline as Fed meets

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Source: Bloomberg
German shares fell ahead of the Fed policy meeting, which could indicate whether the Fed officials will start tapering stimulus at its meeting today. The DAX Index slid 0.4% to 8,186.71 as 9:38 a.m. Frankfurt time; moreover, the gauge declined 1.5% past week on worries that the Fed could start to scale back the monetary stimulus programme. The broader HDAX Index dropped 0.3% today.
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Tue, 18 Jun 2013 10:51:13 GMT

Gold prolongs decline ahead of Fed meeting

Gold declined for the second day ahead of the U.S. Federal Reserve begins its policy meeting on Tuesday as investors gauged when the central bank will taper its quantitative easing. Spot gold retreated 0.4% to $1,379.26 per ounce and was trading at $1,379.96 in Singapore at 1:36 p.m., adding to signs the gold has fallen 18% this year.

Tue, 18 Jun 2013 10:29:13 GMT

German bunds drop second day ahead of investor confidence data

German government bunds fell for the second day ahead of the data that, according to the economists, will indicate investor confidence in the country advanced in June, cutting demand for the Euro block's safest asset. German 10-year bond yield gained four basis points to 1.56% and the 1.5% note maturing in May 2023 decreased 0.365 to 99.44.

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