U.S stocks dip on Fed woes, China corrections; Dow loses 0.94%

U.S. stocks fell on Monday amid a global selloff on concerns the Federal Reserve will begin scaling back stimulus programs in the coming months. Stimulus programs tend to push up stocks as a side effect, and talk of their dismantling can send equities prices dropping. At the...

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Forex - GBP/USD steady near 3-week lows

FTS- Forex Trading: The pound was steady close to three-week lows against the dollar on Monday as demand for the dollar continued to be underpinned by expectations that the Federal Reserve will soon start to taper bond purchases. GBP/USD hit 1.5344 during European afternoon...

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Forex - Euro remains weaker vs. firm dollar

The dollar remained stronger against the euro on Monday after the Federal Reserve indicated last week that it is prepared to start rolling back its asset purchase program this year. EUR/USD hit 1.3077 during European afternoon trade, the pair’s lowest since June 6; the...

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European stocks turn sharply lower despite Ifo data; Dax down 1.17%

European stocks turned sharply lower on Monday, despite positive German business climate data, as expectations for the Federal Reserve to scale back its stimulus program continued to weigh.  During European morning trade, the EURO STOXX 50 plunged 1.76%, France’s CAC...

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U.S. futures lower amid Fed worries; Dow Jones down 0.78%

U.S. stock futures pointed to a lower open on Monday, as last week's comments by Federal Reserve Chairman Ben Bernanke saying that the bank could scale down its stimulus program before the year end continued to weigh.  Ahead of the open, the Dow Jones Industrial Average...

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Forex - Pound near 3-week lows vs. firmer dollar

The pound was trading close to three-week lows against the stronger dollar on Monday after the Federal Reserve said last week that it could start tapering its asset purchase program this year. GBP/USD hit 1.5366 during European morning trade, the pair’s lowest since...

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Crude oil drops to 3-week low on China growth concerns, Fed outlook

Crude oil futures fell to hit a three-week low on Monday, as a combination of concerns over a deepening slowdown in China and fears over an end to the Federal Reserve’s asset purchase program weighed.  On the New York Mercantile Exchange, light sweet crude futures for...

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European stocks mixed on Fed jitters, German data ahead; Dax up 0.23%

European stocks were mixed on Monday, as expectations for the Federal Reserve to scale back its stimulus program continued to weigh, as well as concerns over Greece's bailout program.  During European morning trade, the EURO STOXX 50 dipped 0.04%, France’s CAC 40 inched...

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Gold futures hold near 3-year lows as stronger dollar weighs

Gold futures were under pressure on Monday, holding near the lowest level since September 2010 as the U.S. dollar was boosted amid expectations the Federal Reserve will begin to taper off its bond-buying program by the end of this year. On the Comex division of the New York...

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Forex - Dollar gains ground vs. yen

The dollar rose to two-week highs against the yen on Monday after Federal Reserve Chairman Ben Bernanke said last week that the bank could start to unwind its asset purchase program this year. USD/JPY hit 98.71 during late Asian trade, the pair’s highest since June 11;...

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Forex - NZD/USD slips lower in cautious trade

The New Zealand dollar slipped lower against its U.S. counterpart on Monday, as the greenback remained supported by expectations for the Federal Reserve to scale back its bond-buying program before the year end.  NZD/USD hit 0.7714 during late Asian trade, the session...

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