General Market News – European Session

General Market News  – European Session

The Asian stocks remained stable today holding the gains of this week while the US Dollar gained some ground after retreating from seven month highs with investors to encounter the perspective of higher US borrowing costs and slower growth of the global economy. The prices of commodities were tested and set under pressure with copper nearly hitting its lowest levels for over six years. Fed’s vice chairman Stanley Fischer, in a speech he provided yesterday afternoon, hinted that in the near future the Fed will increase the interest rates for the first time after a decade, increasing the possibilities this to be implemented by the next month. The monthly economic report of Bank of Japan for November indicated that the drop in the country’s exports caused by the slowdown of the emerging economies. The Oil futures inched up today, but they are still around the three month low levels, as supply is more than demand....