Dollar bouncing back after reach of budget deal

Source: RTT News
© Scanpix/Reuters
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.

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Fri, 04 Jan 2013 13:15:57 GMT

U.S. shares drop on Fed's announcement to end bond purchases in 2013

U.S. Stocks dropped after Fed policy makers announced they might end their $85 billion monthly bond-purchase program in 2013. The S&P 500 index tumbled 0.2% to 1,459.37. The benchmark index touched its highest level in 3 months on Wednesday, as the lawmakers passed a budget bill. Seven out of ten groups in the index inched lower with basic materials pairing

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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