77Tracking

Economic News


Bank of Japan says inflation now the main risk
28 Apr 2006 source: ft.com

The Bank of Japan on Friday forecast a steady return to price stability and said the risks of inflation now outweigh those of deflation, bolstering the view that the central bank might quickly seek to end its long-standing zero interest rate policy. // Toshihiko Fukui, the BoJ governor, said the bank had no pre-set agenda and would adjust policy in the light of price and economic developments.  ...


CURRENCIES: Dollar Sinks To -month Euro Low, 3-month Yen Low After Data ...
28 Apr 2006 source: morningstar.com

The dollar weakened Friday, hitting an 11-month low against the euro and three-month low against the yen, after economic data boosted speculation that the interest-rate differential between the U.S. and euro zone will narrow soon. U.S. first-quarter gross-domestic-product growth, employment costs, consumer sentiment and business activity in the Chicago area all came in below forecasts. The slew ...


Global bonds suffer amid rate uncertainty
28 Apr 2006 source: ft.com

Government bond markets have suffered their worst two-month period in two years as investors struggled to divine the timing and extent of future interest rate moves. // Preliminary data from Lehman Brothers indicates March and April produced the worst absolute returns since April and May 2004 when the markets were readying for the US Federal Reserve to begin raising rates. Following a 0.9 per cent drop in March, global bond markets are on course for a loss of about 0.7 per cent this month. Th ...


Microsoft shares drop despite profits increase
28 Apr 2006 source: ft.com

Wall Street moved sideways over the week, but not without dramatic twists as investors digested twin interest rate surprises, mixed economic data and continued positive earnings reports. // The Dow Jones Industrial Average hit six-year highs before slipping, largely on badly received guidance from Microsoft. The Dow briefly hit a fresh six-year high but by midday it was down 0.2 per cent for the ...


FTSE ends down
28 Apr 2006 source: today.reuters.co.uk

By Matt Falloon LONDON (Reuters) - Stocks ended down on Friday, suffering their biggest weekly fall since October, as oil stocks such as BP (BP.L: Quote, Profile, Research) fell and reassuring U.S. data failed to offset concern triggered by China's interest rate hike. Bid activity and speculation influenced a range of stocks, with directories firm Yell (YELL.L: Quote, Profile, Research) falling after it moved to buy a Spanish peer, while banks such as Standard Chartered (STAN.L: Quote, Profi ...


Dollar slides despite buoyant data
28 Apr 2006 source: ft.com

The US dollar suffered a second week of sharp losses, despite the release of a tranche of broadly upbeat data releases, adding weight to the view that regime change is afoot in the currency market. // Yield differentials have been the prime driver of currencies since the start of 2005. Thus with US rates high and rising fast, at least in comparison with Japan and the eurozone, the dollar was able to break its three-year losing streak. This week’s US numbers, from strong durable goods orders, c ...


FTSE ends down, biggest -wk loss since Oct
28 Apr 2006 source: today.reuters.co.uk

By Matt Falloon LONDON (Reuters) - Stocks ended down on Friday, suffering their biggest weekly fall since October, as oil stocks such as BP (BP.L: Quote, Profile, Research) fell and reassuring U.S. data failed to offset concern triggered by China's interest rate hike. Bid activity and speculation influenced a range of stocks, with directories firm Yell (YELL.L: Quote, Profile, Research) falling after it moved to buy a Spanish peer, while banks such as Standard Chartered (STAN.L: Quote, Profi ...


What the Bank has to weigh up next week
28 Apr 2006 source: today.reuters.co.uk

By Fiona Shaikh LONDON (Reuters) - The Bank of England looks set to hold interest rates at 4.5 percent for the ninth month running next week, and many analysts say they will stay there for the rest of this year. All but one of the 45 economists polled by Reuters this week predicted the Monetary Policy Committee would announce steady rates when its monthly meeting concludes at 1200 GMT next Thursday and expectations for a cut this year are fading fast. Policymakers will have prepared their lat ...


BOND REPORT: Treasurys Lower After In-line Expected GDP Report ...
28 Apr 2006 source: morningstar.com

Treasury prices eased slightly early Friday, sending yields marginally higher, after news of solid U.S. economic growth in the first quarter that was roughly in line with expectations. News of benign inflation and declining consumer sentiment failed to lend support to prices. The 10-year Treasury note last was down 2/32 at 95 16/32, with the benchmark's yield (TNX) of 5.09% up a touch from 5 ...


CURRENCIES: Dollar Mixed After GDP, Inflation Data
28 Apr 2006 source: morningstar.com

The dollar fell to an almost eight-month low against the euro, but rose against the yen early Friday, after fresh economic data boosted speculation that the interest-rate differential between the U.S. and euro-zone will narrow soon. The U.S. currency showed a limited reaction to a report showing the U.S. economy grew at the fastest pace in more than two years in the first quarter and inflation  ...


1 2 3 4 5 last
 

Archive

© 2008 77Finance Ltd.
Partner Sites:  Retail Baltic | 77Agency | 77Finanza | Send a thought
77CityGuides:  77London | 77NewYork | 77Madrid | 77Paris | 77Turin | 77Sydney