The dollar was near a one-month low against the euro amid speculation the Federal Reserve will buy additional Treasury securities this year to help sustain growth as the economic recovery falters.
The Swiss franc traded near the strongest since November versus the greenback as declines in Treasury yields sapped demand for the dollar. Economists forecast reports [...]
Archive for the ‘Global Financial’ Category
Dollar Trades Near 15-Year Low Versus Yen Amid Fed Speculation
September 14th, 2010 by Financial Writer
Tags: economic recovery, economists, Federal Reserve, financial, financial system, japan's economy, us economy
more...China’s Stocks Fluctuate After Wen Comments; SAIC Gains, Developers Drop
September 13th, 2010 by Financial Writer
China’s stocks fluctuated after Premier Wen Jiabao said the world’s fastest-growing economy is in “good shape,” while cautioning that rising property prices threaten to stoke unrest.
SAIC Motor Corp., the nation’s largest carmaker, added 0.8 percent after an indicator of China’s economic outlook increased for a third month in July. Air China Ltd. gained among airlines [...]
Tags: Chinese economy, economic growth, economic recovery, financial crisis, Global Economy, real estate, us economy
China’s consumer price index jump 3.5%
September 11th, 2010 by Financial Writer
China’s consumer price index in August jumped at its fastest rate in almost two years while all 39 of the country’s industries continued to grow, according to data posted Saturday.
Driven higher by China’s worst flooding in years, the consumer price index, a key inflation gauge, gained 3.5% from a year earlier and 0.2% from July, [...]
Tags: bank of china, Chinese economy, commercial industry, consumers, interest rates, wall street
GLOBAL MARKETS-Dollar, stocks rise on China import data
September 10th, 2010 by Financial Writer
The U.S. dollar rose on Friday after strong import data from China bolstered rising optimism about global growth, while stocks edged higher, buoyed by the economic outlook and a 3 percent gain in oil prices.
Chinese imports jumped in August, helping lift equity markets and commodity prices while diminishing the safe-haven appeal of the Japanese yen [...]
Tags: Dow Jones Industrial, economic growth, economists, economy activity, financial markets, financial system, us economic, us economy
Asia stocks gain on Japan, US economy indicators
September 9th, 2010 by Financial Writer
Most Asian markets gained Friday after Japan said its economy grew more than estimated and better U.S. jobs and trade figures eased fears that the world’s largest economy might slip back into recession.
Japan’s Nikkei 225 stock average was up 117.90 points, or 1.3 percent, at 9,216.29 after slipping back from the morning’s 2 percent rise. [...]
Tags: economic growth, economic indicators, economy, economy recovery, financial markets, financial system, Global Economy, investors, us economy
Obama Lays Out Economic Proposals and Assails G.O.P.
September 8th, 2010 by Financial Writer
President Obama on Wednesday called for an end to the Bush-era tax cuts for the wealthy, saying the country cannot afford $700 billion in tax breaks that benefit “millionaires and billionaires.”
Unveiling his economic agenda for the fall campaign in a lengthy and sharply populist speech that sought to appeal to the middle class, Mr. Obama [...]
Tags: banks, economic growth, financial system, Global Economy, interest rates, loans, stock market, us economic
Treasuries Rise as European Bank Concern Encourages Demand for Safest Debt
September 7th, 2010 by Financial Writer
Treasuries gained, pushing 10-year note yields down from the highest level in almost a month, as renewed concern Europe’s sovereign-debt crisis will undermine the recovery spurred demand for relative safety.
The yield curve flattened for the first time in five days after the Wall Street Journal reported that European stress tests underestimated some banks’ holdings of [...]
Tags: economy activity, economy recovery, euro zone, european markets, financial crisis, financial markets, lenders, recovery economy, wall street
Euro Declines on Speculation European Banks Will Struggle to Raise Funds
September 6th, 2010 by Financial Writer
The euro fell the most in a week against the dollar and the yen on concern European banks will struggle to raise funds, damping the region’s economic outlook.
The 16-nation currency weakened against 15 of its 16 major counterparts after the Association of German Banks said the nation’s 10 largest lenders, including Deutsche Bank AG, may [...]
Tags: bank of japan, economists, european economy, financial crisis, financial system, investors, money, wall street
Stocks Rally as Jobs Data Spurs Optimism
September 3rd, 2010 by Financial Writer
Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
The S&P 500 gained 3.8 percent for the week, its best in eight, setting the stage for a more bullish mood when markets re-open Tuesday after the [...]
Tags: Dow Jones Industrial, economic estimates, economists, financial markets, financial system, Nasdaq composite, US Treasuries, wall street
European Exports, Investments Spur Economy’s Recovery
September 2nd, 2010 by Financial Writer
European exports surged the most on record and corporate spending rebounded from a two-year slump in the second quarter, fueling the region’s fastest economic expansion in four years.
Exports from the 16-nation euro region jumped 4.4 percent from the first quarter, the biggest gain since data were first compiled in 1995, while corporate spending rose 1.8 [...]
Tags: economic growth, economists, economy activity, european central bank, european economy, global recovery, interest rates