Stocks fall as Fed chief disappoints on stimulus

Asian stock markets fell Friday, deflated after U.S. Federal Reserve Chairman Ben Bernanke gave no hint of immediate action to jump-start growth in the world's No. 1 economy.

By Christian Magoon:India ETF products had a positive week as the Reserve Bank of India (RBI) announced a 50bps cut to India interest rates. The size of the cut was a pleasant surprise to investors and showed an aggressive posture from the RBI. Indian interest rates had not been cut for three years as inflation concerns forced the RBI to raise rates before a plateau in later 2011. Here's a recent look back at Indian interest rates, including Tuesday's cut.

Bloomberg authors By Steve Matthews and Tom Keene report Greenspan Says U.S. Stocks ‘Very Cheap,’ Likely to Rise Former Federal Reserve Chairman Alan Greenspan said U.S. stocks offer good value and are likely to rise as corporate earnings increase over time. “Stocks are very cheap,” Greenspan said today at the Bloomberg Washington Summit hosted by Bloomberg Link, citing “a very low price-earnings ratio.”