Wall Street rises as Fed may scale back

Source: Reuters
Stocks traded on Wall Street inched up on Monday pushing the benchmark index Dow Jones towards its new all-time high as investors turned their attention on the Federal Reserve and its possible scale back amid favourable economic data. The Dow Jones Industrial average added 0.14% to 15,783.10, the Standard & Poor's 500 Index gained 0.07% to 1,771.89 and the Nasdaq Composite index surged 0.01% to 3,919.79.

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Tue, 12 Nov 2013 08:34:07 GMT

U.S. Dollar rises versus Yen as Fed may taper off

The U.S. Dollar advanced on Tuesday rising towards the strongest level in a seven-week period versus the Japanese Yen amid speculation that last week's economic data may push Fed to taper off its stimulus sooner than forecast. The U.S. Dollar strengthened to 99.59 Yen, the most since September 20, while it was last traded 0.4% higher at 99.55.

Tue, 12 Nov 2013 08:12:09 GMT

Asia's stocks drop before Communists Party policy meeting

Asia's equities declined on Tuesday prolonging its losing streak to four days before a policy meeting of the Chinese Communists Party giving a clue of the next decade's economic agenda of the country. The MSCI broadest Asia-Pacific gauge outside Japan slipped 0.1%, while the Honk Kong's HIS gauge dipped 0.8% after the new banking lending in China hit a 10-month

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