Asia's stocks gain as Fed may scale back next week

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Source: Reuters
The majority of Asian stocks increased on Tuesday trading session led by Japanese equities and as money rates in China eased after economic data from the U.S. signaled that the Federal Reserve may trim its stimulus as soon as next week. The MSCI Asia-Pacific gauge outside Japan advanced 0.5% as the benchmark Japan's stock index Nikkei 225 added 1.5%.

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Tue, 21 Jan 2014 08:40:10 GMT

Greenback rises versus Yen as Fed may scale back

The U.S. currency held firm against the Japanese Yen on Tuesday and it is approaching a possible resistance level at 104.92 yen after the U.S. Federal Reserve signaled that it may cut its bond-purchasing program further on a policy meeting next week. The so-called Greenback added 0.5% to 104.65 yen and traded close to its one-week high reached on January

Mon, 20 Jan 2014 15:29:13 GMT

German shares decline as Deutsche Bank stocks drop after report

German shares slipped, after the benchmark DAX Index had its biggest one-week climb in approximately a month, as Deutsche Bank AG fell after posting its quarterly report that missed the expectations. The DAX slid 0.4% to 9,708.86 as of 2:10 p.m. Frankfurt time; however, it advanced 2.9% past week as the World Bank raised its global growth forecast.

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