Emerging market stocks fall amid speculation on Fed's QE

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Source: Bloomberg
Emerging market stocks decreased for a second consecutive day as investors speculate that the Fed might unwind its monetary stimulus due to better-than-expected U.S. jobs data. The MSCI Emerging Market Index dropped 1.4% to 904.91 so far today. The gauge remains 14% below its value on May 22 when Bernanke signaled a possibility of an early exit of QE.
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Mon, 08 Jul 2013 08:08:04 GMT

European stock futures rise

The Stoxx 50 Index future contracts, expiring in September, jumped 0.6% to 2,614 so far today. Futures on the FTSE 100 Index and S&P 500 Index rose 0.5% and 0.1% respectively. It is believed that European stocks might be set to rise before Mario Draghi's hearing and European finance ministers' meeting.

Mon, 08 Jul 2013 07:29:09 GMT

Dollar Index rose to 3 year high

The Dollar Index increased to the highest point in 3 years as investors speculate that signs of recovery will lead to the Fed tapering its monetary stimulus. The gauge reached 84.588, the 3 year high, but then dropped to 84.532, which is 0.1% higher than the close last week. The Euro decreased 0.1% to 1.2817 U.S. Dollars, while the greenback

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