international news

2013. nov. 1.

Asian stock markets were trading lower on Thursday, amid speculation that the Federal Reserve could start tapering its bond-buying program sooner-than-expected.
The Fed said on Wednesday that it would keep buying USD85 billion a month in mortgage and Treasury securities in order to safeguard the faltering economic recovery. They didn’t give a clear indication whether they would start scaling back stimulus at the December meeting or continue it into 2014.
Fed officials stuck to the view that the economy is expanding “at a moderate pace” and they said downside risks were diminishing. Which sparked speculation that the central bank could start tapering stimulus at its December meeting.
In Tokyo, the Nikkei extended losses after the Bank of Japan made no changes to its monetary easing policy at the conclusion of its two-day meeting. The BoJ affirmed plans to increase the monetary base at an annual pace of about JPY60 trillion to JPY70 trillion.
The EUR is trading weaker against most of its major counterparts while most European indices are trading to the upside this morning.


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