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Wednesday, September 25, 2013

World shares fall on U.S. fears -9/25/13


World shares fall on U.S. fears

Global equities are lower as the deadline for a U.S. budget deal draws closer and investors wonder what the Fed will do next after it backed out of tapering last week.

"We're not seeing a post-Fed party as perhaps the market was initially expecting and that's causing some safe-haven flows," says FXPro chief economist Simon Smith.

The USD-JPY is -0.2% to ¥98.52 and gold is +0.4% to $1.321.20. The U.S. dollar index is -0.1%.

In Japan, Tokyo Electron surges 13.2% on its merger with Applied Materials.

Japan -0.8%, Hong Kong +0.1%, China -0.4%, India -0.9%.
EU Stoxx 50 -0.1%, London -0.1%. Paris -0.1%. Frankfurt -0.1%, Milan -0.15%, -0.2%.

U.S. stock futures: Dow -0.4%, S&P -03%, Nasdaq flat.

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