Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a723901

Overnight Markets: Wall Street down on Fed bets amid budget talks

by Himanshu Singh on Dec 11, 2013 at 05:20

General Motors Co (GM.N) stock fell 1.2% after the automaker said chief executive Dan Akerson will step down next month.

In the financial sector, Goldman Sachs Group Inc. added 1.2% as federal agencies approved the Volcker rule to limit proprietary trading.

In Asia, shares declined on Wednesday in late morning trade as investors weighed the timing of a reduction in the Fed’s unprecedented stimulus.

The MSCI Asia Pacific Index slid 0.3% to 140 as of 10:49 a.m. in Hong Kong. Japan’s Topix index dropped 0.4% today as the yen strengthened from the close of equity markets yesterday in Tokyo. Australia’s S&P/ASX 200 Index fell 0.3%, with BHP Billiton retreating 1.6%.

New Zealand’s NZX 50 Index gained 0.1% and South Korea’s Kospi index slid 0.1%. Singapore’s Straits Times Index slipped 0.2% and Taiwain’s Taiex index was little changed.

Hong Kong’s Hang Seng Index fell 0.7% and China’s Shanghai Composite Index retreated 1.1%.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


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:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet