Federal Reserve
Bernanke points to reduced Fed bond buying this year
Federal Reserve Chairman Ben Bernanke says the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15-month high. Full Article | Instant view
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MARKET EYE-SGX Nifty falls; parliament vote key
* Nifty futures on the Singapore Exchange fall 0.14 percent. The MSCI-Asia Pacific index excluding Japan is down 0.32 percent. * Asian shares dipped on Tuesday after U.S. manufacturing activity hit a three-year low in November, while the euro hovered near a six-week high on optimism over a planned debt buy back by Greece. * Foreign investors bought 3.02 billion rupees of stocks, while domestic institutions sold 3.36 billion rupees on Monday, when the BSE index fell 0.18 percent. * The lower house of India's parliament begins a debate on supermarket reform. * Dealers say the probability of a December rally will increase if the vote goes in favour of the ruling Congress-led alliance. If not, the newfound optimism around recently announced reform measures is seen petering out. (abhishek.vishnoi@thomsonreuters.com /; abhishek.vishnoi.reuters.com@reuters.net)
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