U.S. stocks plummet after Fed sees the end of bond buying in 2013

Source: Bloomberg
© Scanpix/Reuters
U.S. stocks fell after the Fed lawmakers indicated they would most likely stop their $85 billion monthly bond-buying plan sometime in 2013. The Standard & Poor's 500 Index plunged 0.2% to 1,459.37, it was at its highest level since September as policy makers introduced a budget bill averting ‘fiscal cliff', while the Dow Jones Industrial Average was down 21.19 points, or 0.2%, to 13,391.36.
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Fri, 04 Jan 2013 10:29:57 GMT

Silver slumps on solid greenback, Fed comments

Precious metals swung to losses on Thursday as investors focused on upcoming debates over lifting US debt ceiling. Fed comments also weighted. The Fed minutes indicated several officials consider it is appropriate to slow or even end Fed's USD85 billion monthly bond-purchasing program.Gold slid on lingering concerns that the Fed may stop its bond-purchasing plan this year. Moreover, worries over

Fri, 04 Jan 2013 15:32:56 GMT

Private sector in Hong Kong expands in December

Hong Kong's private sector expanded for the third consecutive month in December, according to Markit Economics and HSBC Bank. The seasonally adjusted PMI for private sector was 51.7 compared to 52.2 in November and stayed above the 50 mark, which indicates an expansion in the sector. 

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