View the article online at http://citywire.co.uk/wealth-manager/article/a723122
Overnight Markets: US stocks decline further on Fed stimulus bets
by Himanshu Singh on Dec 06, 2013 at 03:56
Among financial stocks, Morgan Stanley lost 3% and JP Morgan Chase & Co. (JPM) dropped 2.4%.
In Asia, shares oscillated between gains and losses on Friday as improving US economic data fueled speculation the Fed may bring forward stimulus cuts.
The MSCI Asia Pacific Index added 0.1% to 140 as of 11 a.m. in Tokyo. Japan’s Topix index and South Korea’s Kospi index both gained 0.1%. Australia’s S&P/ASX 200 Index lost 0.3% and New Zealand’s NZX 50 Index slid 0.4%. Singapore’s Straits Times Index fell 0.5%.
Hong Kong’s Hang Seng Index dropped 0.2%, while China’s Shanghai Composite Index declined 0.3%. Singapore’s Straits Times Index retreated 0.5% and Taiwan’s Taiex index rose advanced 0.2%.
News sponsored by:
Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.
Today's top headlines
More about this:
On the road
by David Campbell on Apr 24, 2014 at 07:48