U.S. stocks drop on new budget

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Source: Reuters
U.S. shares edged lower on Wednesday trading session recording the largest drops in a month after the U.S. lawmakers agreed on a new provisional budget easing some of the fiscal drag and suggesting that the Fed may curb its stimulus on the next policy meeting. The S&P 500 Index shed 1.13% to 1,782.22, the Dow Jones industrial average fell 0.81% to 15,843.53 and the Nasdaq Composite Index lost 1.4% to 4,003.813.

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Thu, 12 Dec 2013 09:28:03 GMT

Japan's government raises its stimulus budget for fiscal year 2013/14

The Japanese government led by the Prime Minister Shinzo Abe raised its monetary easing budget for the this fiscal year by $53 billion in order to support the economy as the nation increases its sales tax next year, the Ministry of Finance reported on Thursday. The supplementary budget totaling 5.46 trillion yen is adding to the previous extra budget sizing

Thu, 12 Dec 2013 09:04:03 GMT

Asia's shares fall as Fed may curb stimulus sooner

Asian equities tumbled on Thursday falling towards the lowest level in more than months amid expectations that the U.S. Federal Reserve may trim its aggressive stimulus on a new budget deal easing the fiscal drag on the country's economy. The MSCI broadest Asia-Pacific gauge outside Japan slipped 0.7% reaching the weakest level since October during the intraday session. 

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