U.K. shares retreat on Fed stimulus speculation

Note: This section contains information in English only.
Source: Bloomberg
U.K. shares retreated amid speculation that the Fed may wind down its stimulus programme at the end of the summer. The FTSE 100 Index dropped 0.7% to 6,515.83 as of 9:19 a.m. London time. The index has declined by 4.8% since the Fed Chairman's Bernanke's testimony on May 22, when he talked about scaling back stimulus if the U.S. economy recovers. The FTSE All-Share Index slid 0.6%, while Ireland's ISEQ Index slipped 0.5%.
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Wed, 05 Jun 2013 12:42:37 GMT

Japan's Yen appreciated after shares fall following Abe speech; Aussie drops

The Japanese currency appreciated against the U.S. Dollar and the Euro after Japan's shares decreased as Prime Minister Shinzo Abe did not provide any additional information amid QE measures, increasing demand for safer assets. The Japan's Yen gained 0.5% to 99.58 against the U.S. Dollar and 0.6% to 130.08 versus the Eurozone's currency.

Wed, 05 Jun 2013 09:23:08 GMT

Sterling appreciates as services output advances

The British Pound appreciated versus the greenback and shared currency as the U.K. services output expanded last four weeks by the most in almost 13 months. The Sterling rose 0.3% to $1.5355 as of 9:55 a.m. in London after advancing to $1.5376 on June 3, while the British currency jumped 0.4% to 85.06 pence per Euro.

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