Thursday, 14 May, 2015
(Bloomberg) — The dollar slipped toward a four-month low versus major peers, while Treasuries halted their slide and European bonds fluctuated amid a selloff that’s wiped more than $400 billion from global markets. U.S. crude oil fell with European stocks. The Bloomberg Dollar Spot Index retreated 0.4 percent by 8:12 a.m. in London, as the euro climbed 0.6 percent and currencies from New Zealand to Norway advanced. Germany’s 10-year notes swung between gains and losses […] Read More
Wednesday, 13 May, 2015
(Bloomberg) — Treasuries rose and the dollar fell after retail sales missed forecasts, adding to concern economic growth is slowing. U.S. stocks rose amid deal activity, while European equities gained as a bond selloff abated and the region’s growth picked up. The Standard & Poor’s 500 Index rose 0.4 percent at 9:30 a.m. in New York after two days of declines. The yield on 10-year Treasury notes slid three basis points to 2.22 percent, extending […] Read More
Wednesday, 13 May, 2015
(Bloomberg) — The Bank of England cut its growth forecasts through 2017 and endorsed investors’ view for gradual interest-rate increases that may not start until the middle of next year. In its quarterly Inflation Report, the BOE said that, based on the benchmark interest rate rising in line with the path implied by market yields, U.K. inflation will return to its 2 percent target within two years. It sees the economy expanding 2.5 percent this […] Read More
Tuesday, 12 May, 2015
William C. Dudley, President and Chief Executive Officer Panel Remarks at the Sixth High Level Conference on the International Monetary System: Monetary Policy Challenges in a Changing World, Zurich, Switzerland It is a pleasure to have the opportunity to participate in today’s conference. In keeping with this session’s mandate, I will focus my remarks on the global implications of U.S. monetary policy normalization-paying particular attention to the potential implications for emerging market economies (EMEs). I […] Read More
Tuesday, 12 May, 2015
(Bloomberg) — Bonds dropped around the world, with German 10-year yields near the highest for 2015 and Japanese rates jumping the most in two years. The euro advanced and European stocks fell amid wrangling over whether Greece will qualify for further aid. Ten-year bund yields climbed five basis points by 8:19 a.m. in London, while the rate on Japanese bonds climbed as much as eight basis points and that on benchmark Treasuries added two basis […] Read More
Monday, 11 May, 2015
(Bloomberg) — Spanish and Italian bonds retreated amid concern that Greece will struggle to secure more aid, while Airbus Group NV led French stocks lower. Asian equities gained after China’s central bank cut interest rates for the third time in six months. The yield on 10-year bonds from Spain and Italy rose at least five basis points by 8:10 a.m. in London, while similar German bunds and Treasuries were little changed. The euro was 0.2 […] Read More
Friday, 08 May, 2015
(Associated Press) — NEW YORK — U.S. stocks jumped in midday trading Friday, helped by a report that showed employers were still hiring workers at a steady pace. Foreign markets were also rising following the results of the election in the United Kingdom, where the David Cameron’s Conservative Party won an outright majority in Parliament. KEEPING SCORE: The Dow Jones industrial average rose 280 points, or 1.6 per cent, to 18,203 as of 12:05 p.m. […] Read More
Friday, 08 May, 2015
(Bloomberg) — A rally in U.K. stocks pushed European shares higher after a surprise election victory for the Conservatives kept David Cameron on course to return as Britain’s prime minister. The Stoxx Europe 600 Index climbed 1.7 percent to 395.6 at 9:04 a.m. in London, poised for the best advance since January. The gauge erased a weekly drop, heading for a gain of 0.3 percent. Gains in banks, utilities and homebuilders sent the FTSE 100 […] Read More
Friday, 08 May, 2015
(Bloomberg) — David Cameron is set to return as U.K. prime minister after steering his Conservatives to an unexpected majority, helped by a landslide for nationalists in Scotland at Labour’s expense. The pound jumped as projections of the final tally in the British general election indicated that the Conservatives had defied opinion polls to easily defeat Ed Miliband’s Labour Party. With counting ongoing, the BBC forecast the Tories to take 329 of Parliament’s 650 seats […] Read More
Thursday, 07 May, 2015
(Bloomberg) — U.S. stocks climbed as Microsoft Corp. and Yahoo! Inc. led technology shares higher. The dollar rose for the first time in three days and Treasuries halted a weeklong slide before a labor report Friday that may clarify whether a first-quarter economic slowdown was temporary. The Standard & Poor’s 500 Index added 0.4 percent at 12:05 p.m. in New York. Microsoft rebounded from its steepest drop in six weeks, while Yahoo surged 4.7 percent. […] Read More
