German stocks fall before payrolls and as ECB cuts rates

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Source: Bloomberg
© Scanpix/FP
Germany's equities decreased on Friday falling from record highs before a government report showed a result in U.S. payrolls and as the rating agency Standard & Poor's cut credit rating of France from AA+ to AA. The benchmark index DAX slid 0.6% to 9,028.84 as of 10:01 a.m. Frankfurt time, although it has added 0.2% this week.

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Fri, 08 Nov 2013 12:07:11 GMT

Asian currencies drop this week as Fed may tapper off

India's Rupee declined on Friday together with the majority of Asia's most-traded currencies this week amid concerns that the Federal Reserve may scale back its stimulus sooner than forecast reducing demand for emerging-market assets. The Indian Rupee fell 1.5% to 62.66 per U.S. Dollar this week by 2:03 p.m. Mumbai time, while the Indonesia's Rupiah slipped 0.7% to 11,415 and

Fri, 08 Nov 2013 11:45:04 GMT

European bonds drop as ECB cuts interest rates

Italian, Spanish and German government bonds declined on Friday after the European Central Bank lowered its benchmark interest rated by 25 basis points to a historic low at 0.25% on yesterday's policy meeting. Italy's 10-year yields jumped four basis points to 4.13% after yesterday's drop to 4.04%, the least since May 28, while Spain's 10-year rates climbed 3 basis points

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