Asian market slumped to a four-week low after Wall Street has its worst day since August as traders worried that the Fed would soon reduce its economic stimulus. The Reserve Bank of Australia’s quarterly statement on policy left the door open for further interest-rate cuts and again said the nation’s currency was too high while China’s exports were jumped 5.6 percent last month against expectations for a growth of 3.2 percent. Investors are now waiting for U.S nonfarm payroll data later in the day for further direction and clues on the timing of the “tapering” of the Fed’s economic
Posted on: Fri, 08 Nov 2013 07:46:25 +0000
Trending Topics
Recently Viewed Topics
© 2015