European equities shrink before industrial output report

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Source: Bloomberg
European stocks tumbled on Wednesday pushing the benchmark index Stoxx Europe 600 lower for the second straight session before a report showed that industrial production in the Eurozone slipped last month and as investors weighed corporate earnings. The Stoxx 600 fell 0.4% to 320.53 as of 8:10 a.m. London time and it has risen for the last five weeks after the ECB lowered interest rates.

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Wed, 13 Nov 2013 11:06:06 GMT

China's stocks fall after Communist Party meeting

Chinese equities declined on Wednesday falling the most in a seven-week period after the yesterday's Communist Party policy meeting provided unclear details about the country's fight against the economic slowdown. The Shanghai Composite Index slipped 1.8% to 2,087.94, the largest fall since September 26 and the Hang Seng China Enterprises Index shed 2.7%.

Wed, 13 Nov 2013 10:44:04 GMT

Sterling weakens as inflation falls

The Sterling dropped 0.3% versus the U.S. currency, thus reaching the weakest level in two-months, after the U.K. government reported slower inflation of 2.2%, which is the lowest level in a year. The inflation has retreated 0.5% from previous month, thus almost reaching 2% mark at which the policy makers might increase interest rate.

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