Asia's stocks rise as Wall Street closes higher on Friday

Source: Reuters
Asian shares recorded a modest increase on Monday trading session spurred by record highs of U.S. stock indexes despite a report showing that government debt in the world's second-largest economy rose and as emerging-market currencies fell. The MSCI broadest Asia-Pacific gauge outside Japan gained 0.4%, while the South Korean Kospi added 0.6%.

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Mon, 23 Dec 2013 11:19:11 GMT

U.S. Dollar fluctuates on low liquidity in markets

The U.S. currency swung between gains and losses on Monday together with the Euro and the Yen staying flat as the Japanese national holiday reduced liquidity in markets after the Fed last week's policy meeting resulted in a stimulus scale-back. The U.S. Dollar traded at 104.05 yen falling from the five-year high at 104.64 recorded on Friday, and it fluctuated

Mon, 23 Dec 2013 10:52:03 GMT

IMF to raise U.S. GDP outlook

The International Monetary Fund will increase its forecasts concerning growth in the U.S. economy, while the Congress reached a budget deal and the Fed started its bond purchasing program, pointing on the recovery. As expected, the jobless rate will continue to decline, as consumer confidence will advance. Currently, the IMF predicts the U.S. economy to add 1.6% this year and

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