Asian shares decline amid Fed tapering, China lending worries

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Source: Bloomberg
© Scanpix\AP
Asian shares decreased the most in two weeks on concern a credit crunch in China will damp expansion and following a better-than-predicted U.S. Employment data boosted worries that the Federal Reserve may start to taper bond purchases this year. The MSCI Asia Pacific Index slipped 1.6% to 129.28.
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Mon, 08 Jul 2013 09:02:08 GMT

Sterling little changed versus greenback

The British Sterling was little changed against the U.S. currency and the 17-nation currency ahead of the industrial production data that are expected to expand, according to economists. The Pound traded at $1.4896 at 8:07 a.m. in London; moreover, it fell to $1.4858 on July 5, the weakest since March 12. The British currency traded at 86.12 pence per Euro

Mon, 08 Jul 2013 08:40:05 GMT

German yields decrease before industrial production data

German government securities rose before the country's data release, which will show that industrial production activity declined, according to economists' predictions. Weakening economic activity in Germany is expected to push the ECB towards cutting the rates. Yields on 10-year German bunds dropped 2 basis points to 1.70%, while Italian bond yield decreased 4 basis points to 4.39%.

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