Asian stocks reach 2013 lows; Nikkei slides on BOJ policy statement

Source: Reuters
© Scanpix\AFP
The U.S. currency declined versus the Japanese Yen and Japan's shares soared as the Bank of Japan decided to maintain the policy unchanged, while Asian stocks reached the lowest level in 2013 on concerns over weak China's growth and extended uncertainty amid when the Fed will taper its stimulus.
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Tue, 11 Jun 2013 08:57:12 GMT

European shares retreat

European shares slid as the Japan's central bank kept the policy unchanged and Germany's court started a hearing on the ECB's bond-buying plan. The Stoxx Europe 600 Index declined 0.5% to 293.77 as of 8:04 a.m. London time. The index has fallen 5.4% since May 22 on the worries that the Fed will scale back stimulus if U.S. economy grows.

Tue, 11 Jun 2013 08:27:09 GMT

Loonie appreciates as housing improves

The Loonie appreciated versus the most of the major peers after new-home construction rose the most in more than 12 months in May. The Canada's currency traded at C$1.0194 per U.S. Dollar as of 5 p.m. Toronto time. The Canada's Dollar is above its 50-day average of C$1.0205 per U.S. Dollar and below the 100-day average of C$1.0174.

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