Asian stocks drop on bets that U.S. will taper stimulus

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Source: Bloomberg
Asian stocks are close to the longest loosing streak in five month time, after the U.S. economic growth results raised concern that the Federal Reserve could taper stimulus faster than expected. The MSCI Asia Pacific Index tumbled 0.4%, thus reaching 1% weekly drop. One of the biggest decline was for Fortescue Metals which retreated 4.2%, when Teck Resources Ltd. put stake for sale for $473 million.

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Fri, 08 Nov 2013 09:32:09 GMT

European futures weakened before U.S. payrolls report

European stock futures traded at lower level this morning before important U.S. report on non-farm payrolls today at 1:30 p.m. GMT. The Euro Stoxx 50 index declined 0.67% to 3,022.81 and German DAX dropped 0.6% to 9,026.53. The French CAC 40 sank 0.77% to 4,248.77, while U.K. FTSE 100 slid 0.53% to 6,661.52. The U.S. Bureau of Labor Statistics expects

Fri, 08 Nov 2013 09:10:09 GMT

The Euro tumble after S&P downgrade France

The shared currency deprecated versus the U.S. Dollar after the Standard & Poor's downgraded France's long-term foreign and local-currency grade from AA+ to AA. The analysts predicted that the Euro is faced for 2.9% drop in next two weeks, while other forecasts that the Eurozone's currency might even loose it's 5% gains against the greenback by mid-2014. 

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