European futures weakened before U.S. payrolls report

Source: WBP Online
European stock futures traded at lower level this morning before important U.S. report on non-farm payrolls today at 1:30 p.m. GMT. The Euro Stoxx 50 index declined 0.67% to 3,022.81 and German DAX dropped 0.6% to 9,026.53. The French CAC 40 sank 0.77% to 4,248.77, while U.K. FTSE 100 slid 0.53% to 6,661.52. The U.S. Bureau of Labor Statistics expects a decrease by 28,000 payrolls in October from prior 148,000 in September.
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Fri, 08 Nov 2013 09:43:05 GMT

Germany's trade surplus increase exceeds expectations

The Eurozone's largest economy trade surplus increased 1.7% from €13.3 billion in August to €20.4 billion in September, thus exceeding analysts expectations. The Federal Statistics Office for Germany reported fall in imports by 1.9% to €74.3 billion and surge in exports by 1.7% to €94.7 billion in September, while some say that Europe's number one economy needs export limits in order to help other EU countries cut deficits.

Fri, 08 Nov 2013 09:21:04 GMT

Asian stocks drop on bets that U.S. will taper stimulus

Asian stocks are close to the longest loosing streak in five month time, after the U.S. economic growth results raised concern that the Federal Reserve could taper stimulus faster than expected. The MSCI Asia Pacific Index tumbled 0.4%, thus reaching 1% weekly drop. One of the biggest decline was for Fortescue Metals which retreated 4.2%, when Teck Resources Ltd. put

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