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World Commodities Prices and Stocks fall as Dollar Low against Yen

Written By mine on Selasa, 12 Oktober 2010 | 11.56

azocommodity.com - World stocks and commodity prices fell before Federal Reserve minutes that should give clues on the timing and size of more U.S. stimulus, while the dollar hovered near a 15-year low against the yen.

World stocks measured by MSCI All-Country World Index fell 0.7 percent, though the Thomson Reuters global equity index was flat. U.S. stock index futures dropped 0.7 to 0.8 percent, indicating a weaker start for Wall Street, while Europe's FTSEurofirst 300 eased 0.8 percent.

Dollar was sold sharply as market players factored in the prospect of more quantitative easing, though the U.S. currency remains weak against the yen, which tends to benefit from global growth concerns.
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