international news

2013. nov. 22.

Asian stock markets were mixed on Thursday, after the minutes of the Federal Reserve's most recent policy meeting indicated stimulus may be reduced in the coming months. A disappointing Chinese manufacturing data further weighed on appetite for riskier assets.
According to the minutes of the Fed's October meeting, policymakers said they could start scaling back the USD85 billion-a-month asset purchase program in the "coming months" if the economy continues to improve as expected.
The Bank of Japan made no changes to its aggressive monetary easing policy in a widely expected decision. The BoJ also affirmed plans to increase the monetary base at an annual pace of about JPY60 trillion to JPY70 trillion.
The EUR is trading lower against the USD this morning, after the release of the Federal Reserve's minutes. The European Central Bank's (ECB) president, Mario Draghi's speech will also garner market attention, especially considering the recent media reports that the ECB might support the idea of negative deposit rates.
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