Real falls on concern of credit rating cuts

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Source: Bloomberg
© Scanpix/RS
The Brazilian currency slipped on Wednesday recording the largest drop among emerging-market currencies on concerns that credit rating of the country may be cut amid lack of effort by the local government to control budget deficits. Brazil's Real decreased 1.9% to 2.2890 per U.S. Dollar and it has fallen 3.4% last month, the most among 16 most-traded currencies.

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Wed, 06 Nov 2013 10:28:03 GMT

European stocks gain before Eurozone's retail sales

European shares advanced on Wednesday pushing the benchmark index Europe 600 towards its highest level since May 2008 before a report showed that retail sales in the 17-nation bloc declined and as German factory orders expanded. Stoxx Europe 50 Index futures expiring in December gained 0.4% to 3,040 as of 7:21 a.m. London time, while the Stoxx 600 traded 0.2%

Wed, 06 Nov 2013 10:06:03 GMT

Emerging-market currencies fall, stocks record modest gain

Emerging-market currencies slipped on Wednesday mainly due to a drop of the Indian currency amid speculation that the U.S. Federal Reserve scales back its stimulus program sooner than forecast reducing liquidity on the emerging markets. Meanwhile, the MSCI Emerging Markets Index gained 0.1% to 1,016.59 with 268 stocks falling and 247 increasing.

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