Won is ahead to third weekly drop on Fed concern

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Source: Bloomberg
© Scanpix/FP
The South Korean Won was lower by 1% this week and was traded at 1,127.82 per U.S. Dollar in the morning of Seoul trading session on Friday. The currency is ahead to the third negative weekly performance and the longest losing strike since period ending 22nd of March. Investors are concerned about the Fed exit from monetary easing programme, which would damage stock markets emerging regions.
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Fri, 24 May 2013 09:14:07 GMT

German bunds are little changed before business confidence report

German government bunds fluctuated on Friday as investors awaited a report showing that business confidence of the largest economy in the 17-nation bloc ended its two-month fall in May. Germany's benchmark 10-year yields were traded at 1.44% as of 7:13 a.m. in London and the rates have advanced by eleven basis points this week.

Fri, 24 May 2013 08:49:04 GMT

Chinese stocks rebound after yesterday's drop

The Shanghai Composite Index advanced 0.5% so far today, recovering from the biggest drop in a month yesterday. The gain was lead by a surge in technology and health-care stocks while property developers' shares prices decreased further. The fall in stock prices yesterday was caused by contracting Chinese manufacturing and bad sentiment, which came after yesterday's dip in Japanese stocks.

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