European shares hover ahead of U.S. housing data

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Source: Bloomberg
European shares hovered, with the Stoxx Europe 600 Index falling the most in over five weeks yesterday, while investors expect data on the U.S. housing market. The Stoxx 600 declined 0.1% to 305.07, following earlier fluctuations between gains and losses.  Economists expect that the U.S. housing starts advanced to 900,000 in July on a yearly basis. 

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Fri, 16 Aug 2013 12:02:09 GMT

Asian shares drop on positive U.S. jobs data

Asian shares retreated as investors choose safer assets after an surprising decline in U.S. unemployment data fueled boosted concerns that the Fed will start tapering following month. The MSCI Asia Pacific Index slipped 0.4% to 134.37 at the close; however, the equity-benchmark advanced 0.4% weekly. China's Shanghai Composite slid 0.6%, while Hong Kong's Hang Seng Index dropped 0.1%.

Fri, 16 Aug 2013 10:19:05 GMT

Australian Dollar set for weekly decline

The Aussie is headed for a one-week fall before the release of Reserve Bank minutes from August 6 meeting following week amid bets that the officials will give further information on interest rates. Australia's currency slipped 0.1% to 91.35 U.S. cents at 10:14 a.m. Sydney time, prolonging its fall since August 9 to 0.8%, while the New Zealand Dollar was

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