European stocks dropped from their highest level in 18 months as Federal Reserve Chairman Ben S.Bernanke said the central bank’s plan to buy $45 billion a month of Treasury securities will fail to offset the fiscal cliff. U.S. index futures fluctuated, while Asian stocks gained.
Nomura's Ticehurst Says Aussie Trading Above Fair Value
12:11 - Andrew Ticehurst, an interest-rate strategist at Nomura Holdings Inc. in Sydney, talks about the Australian dollar and the nation's economy. He speaks on Bloomberg Television's "Trending Business." (Source: Bloomberg)
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