Asian stocks drop as analysts wait for U.S. jobs report

Source: Bloomberg
Equity markets in Asia decline on Wednesday, while investors are waiting for the jobs data in the U.S. and a monetary policy decision from the ECB tomorrow. The benchmark index MSCI Asia Pacific decreased from the biggest level in seven months, by retreating 0.2% to 142.79 points. Nine out of ten industry sectors show a decline, with HTC Corp. Falling the most by 4.3%.
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Wed, 04 Jun 2014 07:46:09 GMT

ECB to cut rates on Thursday and leave space for future maneuvers

The ECB will most probably cut both key and deposit interest rates after the Governing Council meeting on Thursday, the majority of economists expect. As predicted, the cut of both rates will be in the range of 10-15 basis points, keeping the borrowing costs very low. Alongside, the ECB is planning to leave some space after the rates' cut for

Mon, 02 Jun 2014 14:05:04 GMT

S&P 500 Index advanced as investors await U.S. manufacturing

Standard & Poor's 500 Index climbed to the record level, as investors awaited U.S. manufacturing data. S&P 500 Index rose almost 0.1% in June, after an increase of 1.2% last week. Economists expect the Institute for Supply Management's report at 10:00 a.m. New York time will show American manufacturing index climbing 0.6 to the mark of 55.5 for May.

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