European shares retreat

Source: Bloomberg
© Scanpix/Reuters
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.
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Tue, 11 Jun 2013 09:08:08 GMT

Treasuries fall for third day as borrowing costs increase

Treasury 10-year bonds dropped for the third day after borrowing costs rose globally amid bets the Federal Reserve and other central banks may cut their bond purchases. The benchmark 10-year yield advanced two basis points to 2.23 %. The 1.75% security maturing in May 2023 declined $1.88 per $1,000 par value to 95 3/4.

Tue, 11 Jun 2013 08:38:05 GMT

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

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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