Tuesday, 02 June, 2015
(Bloomberg) — Most Asian stocks fell and the yen slid to a 12 1/2-year low amid stronger-than-expected U.S. factory data that boosted expectations the Federal Reserve will raise interest rates. Australia’s dollar rose after its central bank held interest rates at a record low and gave little guidance on future policy moves. The MSCI Asia Pacific Index decreased for a second day, down 0.7 percent by 1:42 p.m. in Tokyo as benchmarks in Australia and […] Read More
Tuesday, 02 June, 2015
(Bloomberg) — Australia left its key interest rate unchanged at a record low and was coy about whether further cuts would be needed to boost growth, sending the currency higher. Central bank Governor Glenn Stevens and his board left the cash rate at 2 percent in Sydney Tuesday, as predicted by traders and economists. “Monetary policy needs to be accommodative” as the economy is likely to operate with spare capacity “for some time yet,” he […] Read More
Monday, 01 June, 2015
(Bloomberg) — U.K. manufacturing expanded less than economists forecast in May as producers struggled to attract demand from foreign markets. A factory Purchasing Managers’ Index rose to 52 from a revised 51.8 in April, Markit Economics said Monday. Economists had forecast an increase to 52.5 from a previous reading of 51.9. A reading above 50 indicates expansion. The report highlights Britain’s reliance on domestic demand while an economic recovery has yet to gain momentum in […] Read More
Thursday, 28 May, 2015
(Bloomberg) — More Americans than forecast signed contracts to purchase previously owned U.S. homes in April, indicating a pickup in the housing market during the busy spring selling period. The index of pending home resales climbed 3.4 percent to the highest level in nine years after a revised 1.2 percent gain the prior month, the National Association of Realtors said Thursday in Washington. The median forecast of 39 economists surveyed by Bloomberg called for an […] Read More
Thursday, 28 May, 2015
(Bloomberg) — European stocks fell with U.S. equity-index futures while German bonds advanced. Chinese shares slid the most in four months as brokerages tightened margin lending, and the yen touched a 12-year low versus the dollar. The Stoxx Europe 600 Index declined 0.4 percent at 10:31 a.m. in London and Standard & Poor’s 500 Index futures slipped 0.2 percent. The Shanghai Composite Index tumbled 6.5 percent. The yield on 10-year German bunds dropped two basis […] Read More
Wednesday, 27 May, 2015
(Bloomberg) — Brussels Group of Greek officials, representatives of creditor institutions to start drafting Staff Level Agreement today, a Greek govt official says in e-mail to reporters. * Agreement to envisage low primary budget surpluses, no recessionary measures, sales tax overhaul, medium-term agreement on Greek debt relief, growth package * Agreement will not include additional EU1.8b in measures * Agreement will also envisage pension system reform, limiting early retirement, unification of pension funds; no pension […] Read More
Tuesday, 26 May, 2015
(Bloomberg) — The dollar surged as wrangling over Greece’s aid demands undermined European currencies amid speculation on the timing of U.S. interest-rate increases. Chinese stocks in Hong Kong surged toward a seven-year high. The Bloomberg Dollar Spot Index jumped 0.6 percent by 8:20 a.m. in London, with the euro 0.8 percent lower and the Swiss franc falling 0.6 percent. The yen plunged to the weakest in almost eight years. German bunds rose with Treasuries, while […] Read More
Monday, 25 May, 2015
(Bloomberg) — Asian stocks advanced, with Japan’s Topix index climbing from a 7 1/2-year high. The euro slipped against most peers as Greek leaders said the country can’t take any more austerity and it’s time for creditors to compromise. The MSCI Asia Pacific Index increased 0.2 percent by 2:25 p.m. in Tokyo, as the Topix gained 0.6 percent. The Shanghai Composite Index added 2.7 percent after its biggest weekly jump this year, while the ChiNext […] Read More
Friday, 22 May, 2015
(Bloomberg) — The euro advanced, helping to trim the dollar’s first gain in six weeks, and European bonds climbed. Chinese shares capped their biggest weekly increase this year, while oil is set for a record rising streak. The shared currency strengthened 0.4 percent by 8:12 a.m. in London, dragging the Bloomberg Dollar Spot Index 0.2 percent lower. Yields on 10-year notes from Germany and France fell three basis points. The Stoxx Europe 600 Index was […] Read More
Thursday, 21 May, 2015
(Bloomberg) — Treasuries rose while the dollar halted a three-day rally as economic data showing uneven growth did little to change investor views on the timing of interest-rate increases. U.S. stocks fluctuated and oil advanced. The Bloomberg Dollar Spot Index slipped 0.1 percent at 10:02 a.m. in New York, after surging 1.9 percent in three days. Treasury 10-year note yields fell three basis points to 2.22 percent, while the Standard & Poor’s 500 Index rose […] Read More
