Asia stocks fall as Japan slips; oil gains with palladium
Bareksa • 06 Jan 2014
The closing figure of the Nikkei 225 Stock Average (Bloomberg/Kiyoshi Ota)
Central banks for the euro zone and U.K. are projected to keep interest rates on hold this week
Bloomberg - Asian stocks dropped as Japan’s Nikkei 225 Stock Average snapped its longest rally in 4 1/2 years on its first trading day of 2014. Crude oil rose with gasoline following last week’s slide while palladium advanced.
The MSCI Asia Pacific Index fell 0.3 percent by 9:09 a.m. in Tokyo, as the Nikkei 225 slid 1.2 percent, declining for the first time in 10 trading days. Standard & Poor’s 500 Index (SPX) futures climbed 0.1 percent. The yen was steady at 104.83 per dollar after halting a nine-week slump last week, while Australia’s dollar extended its rebound versus the greenback.