Asian shares drop on positive U.S. jobs data

Source: Bloomberg
© Scanpix/Associated Press
Asian shares retreated as investors choose safer assets after an surprising decline in U.S. unemployment data fueled boosted concerns that the Fed will start tapering following month. The MSCI Asia Pacific Index slipped 0.4% to 134.37 at the close; however, the equity-benchmark advanced 0.4% weekly. China's Shanghai Composite slid 0.6%, while Hong Kong's Hang Seng Index dropped 0.1%.
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Mon, 19 Aug 2013 08:11:13 GMT

Sterling flat against Dollar as U.K. house prices drop

The Sterling remained steady versus the U.S. Dollar and the Euro after and industry data indicated U.K. house prices declined in August. The Britain's currency was at $1.5611 and remained flat at 85.30 pence against the common currency. Home prices decreased 1.8% in August, adding to signs prices are still 5.5% higher in the last year.

Fri, 16 Aug 2013 10:36:09 GMT

European shares hover ahead of U.S. housing data

European shares hovered, with the Stoxx Europe 600 Index falling the most in over five weeks yesterday, while investors expect data on the U.S. housing market. The Stoxx 600 declined 0.1% to 305.07, following earlier fluctuations between gains and losses.  Economists expect that the U.S. housing starts advanced to 900,000 in July on a yearly basis. 

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