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European stocks mostly drop before Fed decision

Agence France-PresseJune 19, 2013 11:32
Europe's main stock markets mainly fell on Wednesday, with traders on tenterhooks before the outcome of the US Federal Reserve's latest monetary policy gathering, analysts said. In midday deals, London's benchmark FTSE 100 index dipped 0.27 percent to stand at 6,356.72 points. Frankfurt's DAX 30 added 0.18 percent to 8,244.88 points and in Paris the CAC 40 shed 0.24 percent to 3,851.18 compared with Tuesday's closing levels. Madrid's IBEX 35 index retreated 0.39 percent to 8,148.30 points.

Asian markets mostly down ahead of Fed decision

Agence France-PresseJune 19, 2013 11:31
Asian markets were mostly lower Wednesday, with focus on the US Federal Reserve's policy meeting later in the trading day, but Tokyo enjoyed another rally as data showed a surge in exports thanks to a weaker yen. Wall Street again provided a healthy cue, with investors betting the Fed will stop short of reeling in its "quantitative easing" (QE) bond-buying programme. Tokyo added 1.83 percent, or 237.94 points, to 13,245.22 and Sydney was 0.98 percent higher, climbing 47.0 points to 4,861.4. Seoul lost 0.65 percent, or 12.31 points, to 1,888.31.

Canadian dollar advances, traders look to Fed statement, Poloz speech

The Canadian PressJune 19, 2013 11:30
TORONTO - The Canadian dollar was slightly higher Wednesday ahead of the mid-afternoon release of the U.S. Federal Reserve's latest policy statement and economic projections. It is hoped the Fed will shed some light on what it intends to do about curbing some of its economic stimulus. The loonie was up 0.06 of a cent to 98.02 cents US as markets also looked to a speech later in the day by Bank of Canada governor Stephen Poloz. The topic is "Recovery: Rebuilding Business Confidence in Canada".

Dollar steady as investors seek clarity on Fed policy

June 9, 2013 21:32
By Anirban Nag LONDON (Reuters) - The dollar was steady against a basket of currencies on Wednesday with most investors cautious, awaiting more clarity from the Federal Reserve on how long monetary policy will remain ultra-loose. Speculation that the central bank will start tapering its asset-buying stimulus before the end of the year triggered a recent sell-off in global stocks and injected a bout of volatility across markets. That volatility caused the dollar to lose ground to the safe-haven Japanese yen.

Bank of England chief out-voted in swan song meeting

Agence France-PresseJune 19, 2013 08:02
Bank of England governor Mervyn King called for more easy-money stimulus at his final meeting in June, but was out-voted by fellow policymakers for the fifth month in a row, minutes showed on Wednesday. The details were published shortly before the US Federal Reserve central bank announces its latest position on easy-money stimulus. Former Canadian central bank chief Mark Carney will take over from King at the Bank of England at the beginning of July.

Asian markets mostly down ahead of Fed decision

Agence France-PresseJune 19, 2013 07:31
Asian markets were mostly lower Wednesday, with focus on the US Federal Reserve's policy meeting later in the trading day, but Tokyo enjoyed another rally as data showed a surge in exports thanks to a weaker yen. Wall Street again provided a healthy cue, with investors betting the Fed will stop short of reeling in its "quantitative easing" (QE) bond-buying programme. Tokyo added 1.83 percent, or 237.94 points, to 13,245.22 and Sydney was 0.98 percent higher, climbing 47.0 points to 4,861.4. Seoul lost 0.65 percent, or 12.31 points, to 1,888.31.

S.Africa warns US ahead of Fed announcement

Agence France-PresseJune 19, 2013 05:31
South Africa's finance minister urged the United States on Wednesday to consider the impact that any winding down of monetary stimulus would have on emerging markets, after weeks of market volatility. Hours before the conclusion of the Federal Reserve's latest monetary policy meeting, minister Pravin Gordhan urged the United States to "beware of the spill-over effect of your actions."

Asian markets mostly down ahead of Fed decision

Agence France-PresseJune 19, 2013 05:00
Asian markets were mostly lower Wednesday, with focus on the US Federal Reserve's policy meeting later in the trading day, but Tokyo enjoyed another rally as data showed a surge in exports thanks to a weaker yen. Wall Street again provided a healthy cue, with investors betting the Fed will stop short of reeling in its "quantitative easing" (QE) bond-buying programme. Tokyo added 1.83 percent, or 237.94 points, to 13,245.22 and Sydney was 0.98 percent higher, climbing 47.0 points to 4,861.4. Seoul lost 0.65 percent, or 12.31 points, to 1,888.31.

Asian markets mostly down ahead of Fed decision

Agence France-PresseJune 19, 2013 04:31
Asian markets were mostly lower Wednesday, with focus on the US Federal Reserve's policy meeting later in the trading day, but Tokyo enjoyed another rally as data showed a surge in exports thanks to a weaker yen. Wall Street again provided a healthy cue, with investors betting the Fed will stop short of reeling in its "quantitative easing" (QE) bond-buying programme. Tokyo added 1.83 percent, or 237.94 points, to 13,245.22 and Sydney was 0.98 percent higher, climbing 47.0 points to 4,861.4. Seoul lost 0.65 percent, or 12.31 points, to 1,888.31.

From statement to forecasts to news conference, here's what to watch for from the Fed

The Canadian PressJune 19, 2013 04:01
WASHINGTON - Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows. On Wednesday, many hope the Fed will settle the confusion. Will the Fed scale back its $85 billion-a-month in bond purchases within "the next few meetings," as Bernanke suggested during his remarks to Congress? Or does the job market remain too weak for the Fed to slow its stimulus, as Bernanke said at another point?
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