Emerging equities at 4-week low as earnings below estimates

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Source: Bloomberg
Emerging-market equities dropped to a four-week low as earnings from AngloGold, one of the world's largest producers of gold, and TPK Holding, a touch screen supplier of Apple, missed estimates. The MSCI Emerging markets gauge fell 1% to 937.28 as of 1:25 p.m. London time, headed for the lowest point since July 10.
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Wed, 07 Aug 2013 14:56:06 GMT

Gold declines amid Fed QE reduction concerns

Gold futures lost for the third consecutive session as Chicago Fed President Evans implied that the U.S. central bank could scale back its monthly asset purchases in September since the labour market has improved. The yellow metal for December settlement fell 0.5% to $1,276.60 per ounce as of 7:22 a.m. on the Comex in New York.

Wed, 07 Aug 2013 14:20:08 GMT

Canada's building permits declined in June

Construction activity dropped in Canada in June amid fewer projects to build residential houses and commercial and industrial constructions. The value of approved construction permits fell 10.3% to $6.6 billion in June, while the value had a 5.8% gain in May. Analysts predicted the figure to decrease by 2.8%. Residential sector permit value lost 12.9%, while non-residential declined 6.1%.

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