Chinese stocks decline amid interest rate cut and possible Greek default

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Source: Marketwatch
Chinese equity markets declined on Monday, as the People's Bank of China cut interest rates and cash reserve requirements for certain banks in order to increase bank lending and to bolster economic growth. Moreover, worries over Greek default added to the losses, as the Shanghai Composite Index dropped 3.3% to 4,053 points and the Hong Kong's Hang Seng Index slid 3.2% to 25,804 points by 8:30 AM GMT.
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Mon, 29 Jun 2015 10:03:04 GMT

Common currency falls against its major counterparts

The Euro weakened on Monday in Asian trading, while the Swiss Franc and the Japanese Yen appreciated as the safe-haven currencies. The Euro zone's currency dropped against the Greenback down to 1.0955, while EUR/CHF contracted to 1.026, its lowest level since April, and reached 133.75 Yen, the lowest mark since late May.

Fri, 26 Jun 2015 13:54:04 GMT

US Dollar slips against Yen in risk-off trade

The US Dollar weakened against the Japan's currency, following the release of better than expected economic data from Japan. USD/JPY reached 123.22 on Asian trading, the pair's lowest since June 22. While Japan's household spending edged 2.4% and CPI grew by 0.5% in May, the US market sentiment stayed under pressure through negotiations on the Greek debt.

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