Fed expected to taper asset purchases by smaller value

Source: Bloomberg
© Scanpix\Reuters
Economists changed their calculations for how much the Federal Reserve will minimize its monthly bond purchases. The most economists predict that officials will cut fiscal stimulus programme from $85 billion to $65 billion worth of purchases a month. The uncertainty of when and by how much the Central Bank lawmakers will scale back its QE programme has jolted financial markets.
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Mon, 10 Jun 2013 07:11:08 GMT

Nikkei gains after solid U.S. employment data

Japanese stocks recovered on Monday as the global equities advanced and the U.S. employment data were solid; however, not good enough to raise concerns about scaling back the Fed's stimulus in the nearest time. The Nikkei average gained 3.7% after Friday's 2.8% loss, while the MSCI's broadest index stayed steady.

Fri, 07 Jun 2013 11:36:38 GMT

U.S. Dollar under pressure ahead of U.S. jobs report

The U.S. currency was weak and shaky on Friday, following the biggest one-day decline versus the Japanese currency in three years and ahead of employment report  that might move the greenback down if it will be under predictions. The common currency was flat at $1.3242 versus the U.S Dollar. The Fed might start scaling back its stimulus in September if employment data

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