Bank of Japan increased stimulus

Source: Forexpros
© Scanpix/AFP
On Tuesday, the Bank of Japan increased the size of the asset purchase program by 11 trillion Yen in attempts to boost the economy and weaken the currency. The asset purchase program was increased to the level of 66 trillion. The bank also announced that it will maintain its current interest rates of 0.1%.
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Tue, 30 Oct 2012 10:57:58 GMT

Asian stocks lower on BoJ decision

On Tuesday, Asian stocks were broadly lower in the late Asian trading hours, following the BoJ announcement that it will loose its monetary policy by increasing the size of asset purchase program. Hong Kong's Hang Seng index declined by 0.65%; Australian ASX/200 index grew by 0.2%, while Japanese Nikkei 225 index lost 1%.

Tue, 30 Oct 2012 12:24:01 GMT

European markets trade higher on BP and Deutsche Bank results

The Stoxx Europe 600 Index was higher by 0.4% to 270.63 at 8 a.m. in London. Investors trade on BP Plc, second-biggest Europe's oil company, and Deutsche Bank financial results for the third quarter, which have beaten street estimations.  Recently, banks' results bring a lot of sensitivity in the markets: Deutsche bank announced that a third quarter profit is up

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