Reuters: US Dollar Report: GLOBAL MARKETS- Shares, German bonds fall as Fed stimulus back in focus

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GLOBAL MARKETS- Shares, German bonds fall as Fed stimulus back in focus May 29th 2013, 07:27 Wed May 29, 2013 3:27am EDT * Strong U.S. data fuels speculation that Fed may taper bond buying * But signs of strong U.S. growth seen limiting share price falls * Gains in Nikkei lend support to yen * Bunds weaken ahead of German inflation, jobs data By Richard Hubbard LONDON, May 29 (Reuters) - European stocks and German bond prices fell on Wednesday as robust U.S. economic data fanned speculation the Federal Reserve may taper its bond-buying programme. But analysts said the weakness in equity markets could prove short-lived as the growth momentum implied by Tuesday's figures for home prices and consumer confidence encouraged investors to focus on the better returns shares offer over bonds. "We still see the rally continuing as the U.S. economy is getting stronger, monetary policies will remain supportive and there are not a lot of alternatives for equities," Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets. The FTSE Eurofirst 300 index of top European shares was down 0.5 percent in early trading, following on from a weaker session across Asia which saw MSCI's broadest index of Asia-Pacific shares outside Japan fall 0.2 percent. A rise in the Japan's Nikkei index, which inched up 0.1 percent, lent support to the yen which gained 0.3 percent to 102.14 against the dollar, German Bund futures were 43 ticks lower at 143.39, with traders looking ahead to unemployment and inflation data out of Germany, and policy recommendations from the European Commission expected to confirm a shift away from tough austerity targets to supporting growth across the recession-hit region. Link this Share this Digg this Email Reprints

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