Australian stocks tumble amid Fed minutes, while Japanese Futures surge

Source: Bloomberg
© Scanpix/Reuters
Australian stocks plummeted as the Fed lawmakers claimed they would stop their $85 billion monthly bond-buying plan sometime in 2013. Japanese equity contracts spiked before markets reopening. Australia's S&P/ASX 200 Index plunged 0.3% to 4,727.90 in Sydney, bouncing back from most since May 2011.
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Fri, 04 Jan 2013 13:04:57 GMT

Dollar bouncing back after reach of budget deal

The greenback bounced back from early losses versus majority of its European peers as Democrats and Republicans reached an agreement to avert the "fiscal cliff". The U.S. Dollar recovered to around $1.3180 versus the Euro and to $1.6250 against the Pound Sterling, while it climbed Y87.090 versus the Japanese Yen.

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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