European stocks drop; QE uncertainty weighs

Source: Bloomberg
© Scanpix\Reuters
European shares declined with investors expecting the Federal Reserve's minutes due later this week for more signs about the future of the bond purchases. The European Stoxx 50 declined 0.43% to 2,841.98 and the German DAX dropped 0.37% to 8,361.04, while the French CAC 40 slipped 0.47% to 4,104.42 and the U.K. FTSE 100 decreased 0.14% to 6,491.30.
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Mon, 19 Aug 2013 11:11:15 GMT

Pound jumps amid boosted U.K. growth expectations

The Sterling appreciated 0.2% versus the greenback, after the CBI updated this year's expansion estimates for the U.K. economy from 1% in May to 1.2%. The Britain's currency added 0.21% to $1.5655 against the U.S. Dollar and gained 0.10% to £0.8514 against the common currency, and climbed 0.41% to 153.03 versus the Yen.

Mon, 19 Aug 2013 10:50:07 GMT

Yen steady, trade balance report weighs

The Yen declined to the session low against the greenback, as the Japanese Ministry of Finance announced an increasing difference in value between imported and exported goods. Afterward, the Yen rose amid the news of increasing exports, the most in over three years, touching ¥97.34 versus the Dollar. The Yen fell 0.07% to ¥97.63 versus the Dollar and slipped 0.14%

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