Concerns over Fed stimulus tapering push European stocks lower

Source: WBPonline
© Scanpix\Reuters
European stock markets retreated on concerns that the Federal Reserve will start to scale back bond purchases in the next month. The European Euro Stoxx 50 decreased 1.47% to 2,781.67. German DAX dropped 1.17% to 8,268.14, while the French CAC 40 fell 1.53% to 4,021.33 and the British FTSE 100 slipped 0.60% to 6,427.53.
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Tue, 20 Aug 2013 11:12:07 GMT

U.K. bonds rise for first time in seven days as shares slip

U.K. 10-year government gilts increased for the first time in seven days after a declined in shares around the world restored demand for the British fixed-income securities. The 10-year yield plummeted four basis points to 2.71% and the 1.75% bond expiring in September 2022 rallied 0.28 to 92.345. The Britain's FTSE 100 index dropped 0.6%.

Tue, 20 Aug 2013 10:40:05 GMT

Euro jumps to new highs as Dollar falls

The 17-nation currency advanced versus the greenback as concerns over the Federal Reserve's bond purchase tapering outweighed the lower-than-forecast expansion in German producer prices. The common currency rose 0.28% to $1.3373 against the Dollar and gained 0.16% to 0.8535 against the Sterling, while declined 0.03% to 130.05 versus the Yen.

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