Wall Street shares drop as Fed scales back

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Source: Reuters
U.S. shares closed lower on Wednesday trading session with the benchmark stock indexes reaching the session low after falling by more than 1% as the U.S. Federal Reserve trimmed its bond purchases despite the fact that emerging markets are struggling. The Dow Jones industrial average lost 1.19% to 15,738.79, the Standard & Poor's 500 Index fell 1.02% to 1,774.20 and the Nasdaq Composite Index slipped 1.14% to 4,051.43.

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Thu, 30 Jan 2014 08:42:06 GMT

Yen firm versus Greenback as Fed scales back

The Japanese Yen held steady on Thursday against its U.S. counterpart after dropping in the previous session as investors started purchasing the currency as safe-haven and after the U.S. Federal Reserve announced it will scale back its stimulus measures. The Yen gained versus the U.S. Dollar to a level of 102.13 yen after falling 0.7% in the prior session.

Thu, 30 Jan 2014 08:18:10 GMT

Asian shares fell as Fed cuts its stimulus

Asian stocks declined on Thursday trading session after emerging markets increased yesterday as the Turkish national bank raised its interest rates and the U.S. Federal Reserve cut its stimulus measures as the economy improves. The MSCI broadest Asia-Pacific gauge outside Japan dropped 0.6%, the Shanghai Composite Index lost 0.5% and the Japan's Nikkei fell 2.7% to its 2-month low.

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