Euro Heads for Biggest Monthly Loss Since March on ECB Outlook

The euro headed for its biggest monthly decline since March as economists unanimously forecast the European Central Bank will unveil additional stimulus this week. The 19-nation currency approached the lowest in seven months versus the dollar as investors are pricing in a 100 percent chance of a 10-basis-point cut in the ECB’s deposit rate on Dec. 3. A gauge of the dollar climbed to the highest since March as futures predict the Federal ...

Oil Set for Monthly Decline as OPEC Seen Standing Firm on Supply

Oil headed for its largest monthly drop since July as Iran signaled the Organization of Petroleum Exporting Countries won’t reduce its production target at a meeting this week. Futures were little changed in New York and down 10 percent in November. Iran expects no major decisions that would change OPEC’s output target when the group gathers Dec. 4 in Vienna, Oil Minister Bijan Namdar Zanganeh said at a conference in Tehran. Prices...

Japanese Stocks Decline, Paring Second Monthly Gain in Topix

Japanese stocks slipped, paring the Topix index’s second straight monthly gain, as insurers, shippers and energy explorers led declines. The Topix index fell 0.6 percent to 1,585 at the trading break in Tokyo, with about nine shares declining for every eight that rose. The measure is on course for a 1.7 percent advance in November following its biggest increase in 2 1/2 years in October. The Nikkei 225 Stock Average slipped 0.4 percent...

Shanghai Composite Fluctuates After Biggest Rout in Three Months

China’s benchmark stock index swung between gains and losses as traders weigh the start of the subscription period for initial public offerings and an International Monetary Fund meeting to decide whether to grant reserve-currency status to the yuan. The Shanghai Composite added 0.2 percent to 3,443.59 at 9:45 a.m. local time, erasing a loss of as much as 0.4 percent. The gauge posted its biggest loss in three months on Friday after...

Asian Stocks Slide After Chinese Selloff as Material Shares Drop

Asian stocks fell after Chinese shares posted the biggest one-day selloff in three months. Material and consumer-staple shares led losses on the benchmark index at the start of a pivotal week for the region’s markets. The MSCI Asia Pacific Index lost 0.3 percent to 132.82 as of 9:02 a.m. in Tokyo, headed for a monthly loss of 1.2 percent, its sixth such decline in seven months. This week brings a decision by the European Central Bank...