Sterling reaches highest level in two years

Source: Bloomberg
The British currency appreciated versus the greenback, reaching its highest level in two years, after U.K. construction activity rose at the fastest pace in approximately six years last month. The Sterling gained 0.5% to %1.6429 as of 12:05 p.m. in London after climbing to $1.6443 on Monday, the strongest level in more than two years. The Pound added 0.2% to 82.64 pence per Euro, after it touched 82.53 pence day earlier. 
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Tue, 03 Dec 2013 14:44:56 GMT

European shares decline for third straight day

European shares fell for a third consecutive day as investors speculated on U.S. jobs data release this week that might clear the outlook on Fed's monetary policy tapering. The Stoxx Europe 600 Index retreated 0.9% to 321.15 as of 11:30 a.m. London time, making it the longest streak of declines since October 9, after it slipped 0.3% on Monday.

Tue, 03 Dec 2013 12:15:03 GMT

Emerging-market stocks fall as South Korean automakers drop

Emerging-market equities declined on Tuesday falling for the second successive day together with dropping currencies as South Korean carmakers sank and as the Federal Reserve monetary stimulus may be curbed by favourable economic data. The MSCI Emerging Market Index tumbled 0.5% to 1,008.04 by 4:08 p.m. Hong Kong time.

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