Wall Street closes lower on stimulus scale back

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Source: Reuters
U.S. stocks closed slightly lower on Tuesday trading session as rising government yields started debate over the Federal Reserve bond-buying program and its possible tapering after recent favourable economic data. The Dow Jones Industrial average fell 0.21% to 15,750.67, the Standard & Poor's 500 Index dipped 0.24% to 1,767.69 and the Nasdaq Composite Index added 0.13% to 3,919.92.

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Wed, 13 Nov 2013 08:58:29 GMT

Greenback falls against Yen on possible scale back

The U.S. currency declined on Wednesday but remained close to the strongest level in two months versus the Japanese Yen amid speculation that the Federal Reserve may trim its monetary bond-purchase program in December. The U.S. Dollar slipped 0.2% to 99.46 Yen following an increase to the highest level in two months on Tuesday at 99.80.

Wed, 13 Nov 2013 08:36:05 GMT

Asian stocks slip to 6-week low on Fed

Asia shares declined on Wednesday falling to the weakest level in a six-week period after the Federal Reserve officials signaled that the U.S. central bank may scale back its bond-buying program sooner than expected. The broadest MSCI Asia-Pacific index outside Japan fell 1.4% recording its fifth successive drop, when slipped to the least in more than a month.

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