Developing nation stocks falls as India's Rupee record-low

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Source: Bloomberg
© Scanpix/France-Presse
Developing nation stocks declined for a second straight day, bond yields soared an India's currency dropped amid speculation the Federal Reserve will curb its bond-purchasing programme. The MSCI Emerging Markets gauge fell 1% to 908.82 as of 10:52 a.m. New York time. Emerging-market stocks lost 2.4% last week when U.S. jobs report showed better than expected results.
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Mon, 08 Jul 2013 19:28:08 GMT

Norwegian Krone appreciates as Europe's stocks climb

The Stoxx Europe 600 gauge increased 1.4%, pushing demand for the Krone. The currency advanced 1.8% to 6.1417 per Dollar as of 4"35 p.m. in London, the greatest increase since September. The Krone also strengthened 1.4% to 7.9063 per Euro. It soared versus the Swedish Krona after data showing Sweden's manufacturing is worsening.

Mon, 08 Jul 2013 15:43:08 GMT

Sterling rises as production seems to expand

The Sterling appreciated from almost the lowest level in four months versus the greenback before tomorrow's reports on U.K. industrial output. Economists expect data will show industrial output rose in May, signaling the country's accelerating pace of recovery. The currency advanced 0.3% to $1.4927 as of 1:51 p.m. in London. It rose 0.1% to 86.13 pence per Euro.

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