Emerging-market currencies fall, stocks record modest gain

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Source: Bloomberg
Emerging-market currencies slipped on Wednesday mainly due to a drop of the Indian currency amid speculation that the U.S. Federal Reserve scales back its stimulus program sooner than forecast reducing liquidity on the emerging markets. Meanwhile, the MSCI Emerging Markets Index gained 0.1% to 1,016.59 with 268 stocks falling and 247 increasing.

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Wed, 06 Nov 2013 10:17:05 GMT

Real falls on concern of credit rating cuts

The Brazilian currency slipped on Wednesday recording the largest drop among emerging-market currencies on concerns that credit rating of the country may be cut amid lack of effort by the local government to control budget deficits. Brazil's Real decreased 1.9% to 2.2890 per U.S. Dollar and it has fallen 3.4% last month, the most among 16 most-traded currencies.

Wed, 06 Nov 2013 09:55:05 GMT

Brent crude gain as U.S. inventories slip

The European benchmark crude advanced on Wednesday after it traded near the weakest level since July 2 yesterday after a government report is forecast to show that stockpiles in the U.S. dropped in the week ended on November 1. Brent for delivery in December added 75 cents to $106.08 a barrel on the London's ICE Futures Europe exchange following a

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