Japan stocks drop amid US rate rise outlook

Note: This section contains information in English only.
Source: Bloomberg
Japanese stocks slumped, when the US labour market data boosted speculation of an interest rate raise in the world's biggest economy. Real-estate stocks dropped along with Mitsubishi Estate Co. falling 2%. The Topix index declined 0.6% to 1,531.76, erasing last week's 1.1% advance. Moreover, The Nikkei 225 Stock Average lost 1% to 18,790.55.
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Mon, 09 Mar 2015 19:56:07 GMT

Gross: expensive Greenback may lead to unwanted consequences

The bond manager at Janus Capital Group Inc, Bill Gross, is concerned with the strong US Dollar, which could lower the Fed's expectations for inflation. According to Gross, the Federal Reserve is more likely to increase interest rates in June, though rates may be stuck below the historical mean for several years.

Mon, 09 Mar 2015 19:34:07 GMT

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