TOKYO - Asian shares stumbled to a 2-1/2 month low on Thursday on heightened expectations the Federal Reserve may act sooner than later to unwind its stimulus after a provisional budget deal in Washington eased some of the fiscal drag on the U.S. economy.
NEW YORK - Stocks posted their largest drop in a month on Wednesday as traders locked in recent gains after a provisional budget deal out of Washington removed one of the near-term reasons for the Fed to keep up its current pace of economic stimulus.
TOKYO/SYDNEY - The yen retreated toward recent lows against the dollar and the euro in Asia on Thursday, failing to capitalize on a small bounce as markets positioned for a possible scaling back of the Federal Reserve's stimulus as early as next week.
TOKYO - Japanese Prime Minister Shinzo Abe's cabinet approved on Thursday a $53 billion extra budget for the current fiscal year to fund stimulus steps announced last week aimed at offsetting the blow from a planned increase in the national sales tax.
NEW YORK - Investors in U.S.-based mutual funds pulled more than $1 billion from funds that mainly hold U.S. stocks in the latest reporting period on fears of a potential pullback in the Federal Reserve's bond-buying program, data from the Investment Company Institute showed on Wednesday.
SYDNEY - Australian employment beat expectations with the biggest increase in seven months in November, helping soften the blow of planned job losses in the country's ailing car industry.
* LabCorp tumbles after outlook, Quest Diagnostics follows
LONDON, Dec 12 - European stocks are set to open lower on Thursday, with the probable nomination of a relatively hawkish central banker to the U.S. Federal Reserve vice-chair adding to the view that the U.S. may slow its monetary stimulus sooner than previously thought.
TOKYO, Dec 12 - Japan's Nikkei share average dropped for a third day to a one-week low on Thursday, led by selling in futures and index heavy weights like SoftBank Corp as the mood was soured by renewed anxiety of an early reduction in U.S. stimulus. The Nikkei ended down 1.1 percent to 15,341.82 after slipping to a low of 15,255.36, the weakest since last Friday. The Topix shed 0.7 percent to 1,242.23, with 29 of its 33 subsectors in negative territory. Traders said sell
* Spike in November social financing raises tightening concerns
Europe Market Reports
Americas Market Reports
Asia/Pacific Market Reports
- Gold: PRECIOUS-Gold ticks up on weaker equities, dlr; technical support helps
- Oil Report: UPDATE 2-Brent steady above $109, awaits Fed move on tapering
- British Pound Report: Sterling falls to three-week low vs euro, retreats against dollar
- US Dollar Report : FOREX-Yen's respite proves short-lived with Fed in focus