Asian and Australian shares slip before Fed's meeting

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Source: Reuters
© Scanpix/RS
Asian and Australian stocks declined on Tuesday as investors awaited results from U.S. reports and Fed's 2-day meeting suggesting further aggressive stimulus measures by the nation's central bank totalling $85 billion a month. Japan's Nikkei stock average slipped 0.5%, while he Australian shares index fell 0.5% from its five-year high recorded yesterday.

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Tue, 29 Oct 2013 10:00:05 GMT

U.S. Dollar rises amid speculation of maintained stimulus

The U.S. Dollar strengthen on Tuesday traded close to the lowest level in nine months as investors bet the U.S. central bank may maintain its bond-purchase program into early next year on its 2-day policy meeting. The Dollar index measuring performance of the currency against its most-traded counterparts jumped to 79.388 traded near the lowest since February 1 at 78.998.

Tue, 29 Oct 2013 09:38:03 GMT

Japan's small business confidence advanced in October

Small business sentiment indicator in Japan continued to increase in October with the index measuring a confidence among businesses in the small-scale industries sector rose from 49.7 in August and 49.8 in September to 50.8 the following month. The manufacturing sector business sentiment index advanced from 50.4 in September to 50.9 in October.

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