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You are here: Home»Markets»Equity»Americas»Stocks fall, yen soars on central bank uncertainty

imageNEW YORK: US stocks fell on Friday and the dollar finished its worst week in almost four years against the yen as investors worried that major central banks may soon start withdrawing stimulus and after data showed a decline in US consumer sentiment.

But European shares ended higher, supported by signs of merger and acquisition activity in the region. That helped boost the MSCI world index 0.1 percent on the day. The index, however, fell for a fourth straight week.

Jitters over the longevity of monetary policy around the world have roiled markets recently, and nerves were stretched further this week when the Bank of Japan decided to hold policy steady.

The concerns have fueled a selloff in global equities, emerging markets, risky bonds and commodities, which have been buoyed by central bank liquidity, while driving the safe-haven yen sharply higher.

Wall Street stocks closed their third negative week in four as investors took profits after the S&P 500 recorded its second best day of the year on Thursday. Stocks rallied more than 1 percent in the previous session on stronger US economic data.

Copyright Reuters, 2013


 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln