Asian stocks on the rebound after losses

Source: Bloomberg
Many Asian stocks were able to pick up after large sales in U.S. equities. The MSCI Asia Pacific Index did not show significant changes as Chinese share benchmark rebounded 1.7% from its lowest in two months. In contrast, the Australian S&P/ASX 200 dipped 0.8%. The Hang Seng China Index increased after having fallen for nine of out ten last days; the index gained 0.7%, and the Shanghai Composite gained 1.3%.
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Wed, 24 Sep 2014 09:07:04 GMT

Yen demand spurs after Abe expresses concern for currency weakness

The Yen creeped up after the Japanese Prime Minister Shinzo Abe expressed his unease on the impact caused by the Yen's recent weakness. These remarks were expressed as the Yen fell to is lowest in six years against the Dollar at ¥109.46 last Friday, totalling to a 7% decrease from August. The Dollar dipped 0.3% to ¥108.55 after Abe's testimony was

Wed, 24 Sep 2014 07:47:05 GMT

Markets pay scant attention to Yellen's hints

Janet Yellen, the Chair of the Federal Reserve urged investors to be ready for the possibility of the Fed raising the interest rates before the currently projected timeline; however her words remain rather unnoticed. Volatility is close to all time lows, signalling that investors are rather self-satisfied with Fed's plans, yet this lenient behaviour may be premature and cause a sudden jump in volatility, putting an end to Yellen's intentions.

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