Emerging-market stocks drop as industrial companies fall

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Source: Bloomberg
© Scanpix/RS
Emerging-markets shares decreased on Monday falling from the highest level in five months mainly due to declines of raw material producers and industrial companies and as internet companies shares rose. The MSCI Emerging Markets Index dropped 0.1% to 1,041.20 as of 4:15 p.m. Hong Kong time after it gained four days in a row pushing the index's RSI indicator to 73.7 on October 18.

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Mon, 21 Oct 2013 11:11:03 GMT

Asia's stocks rise to 5-month high as Fed maintains stimulus

Asian stocks increased on Monday pushing the local benchmark index to the strongest level in five months amid concerns that the Federal Reserve will maintain its bond buying program totaling $85 billion a month. The MSCI Asia Pacific Index gained 0.2% to 143.69 by 5:16 p.m. Tokyo time as two shares rose for each that dropped.

Mon, 21 Oct 2013 10:44:04 GMT

Sterling boosting risk-appetite versus Dollar amid UK economy growth

The Pound traded at $1.6169 as of 7:42 am in London, after reaching $1.6225 on October 18, the highest level since October 3, as UK GDP is expected to rise by 0.8% in Q3, according to Office for National Statistics releases. The Pound added 0.2% to 84.52 pence per Euro as of 9:46 in London after adding 0.3% last week.

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