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
Thursday, 21 May, 2015
(Bloomberg) — Asian stocks pared gains as a preliminary Chinese factory gauge missed estimates, reinforcing the need for further government stimulus. U.S. equity-index futures retreated and the dollar was weaker against most peers after a three-day rally. The MSCI Asia Pacific Index added 0.1 percent by 2:10 p.m. in Tokyo, as the Hang Seng China Enterprises Index fell 0.4 percent. Shares in Shanghai and Shenzhen advanced. Standard & Poor’s 500 Index futures slipped 0.2 percent. […] Read More
Wednesday, 20 May, 2015
(Bloomberg) — Bank of England policy makers said slack in the economy will probably be fully eroded within a year, signaling potential future inflation pressures that will require policy tightening. In the minutes of its May policy meeting, the Monetary Policy Committee said while there was uncertainty about estimates of spare capacity, the panel’s best collective view was that the level of slack was about 0.5 percent of GDP and “likely to be fully absorbed […] Read More
Wednesday, 20 May, 2015
(Bloomberg) — The dollar traded at a two-week high versus the euro and extended gains against the yen, while Treasuries advanced before the Federal Reserve releases minutes of its last meeting. Oil rallied for the first time in six days. The Bloomberg Dollar Spot Index climbed 0.3 percent by 8:15 a.m. in London, after its biggest two-day advance since 2011. The euro slipped 0.6 percent and the yen dropped 0.3 percent. The yield on 10-year […] Read More
