Economic News

By Christina Fincher LONDON (Reuters) - A pause in the recent barrage of U.S. economic indicators may give shell-shocked investors a reprieve next week, helping financial markets to stabilise after more than a month of turbulence. Worries that rising global interest rates will stall economic growth have sparked a dash out of riskier assets in recent weeks, sending emerging market bonds and curre ...

Toshihiko Fukui, Bank of Japan governor, on Friday told parliament that a scandal over his personal investments would not deflect the central bank from its aim of exiting a zero interest rate policy when it saw fit. // Mr Fukui, answering suggestions that his own difficulties might hamper his ability to make potentially unpopular decisions on monetary policy, told parliament: “Policy board members understand the current situation and will focus on deciding policy based on the economy and price  ...

LONDON (Reuters) - The FTSE 100 surged for the second session in a row on Friday, with miners such as Kazakhmys and Anglo American once again at the forefront after fears over inflation and peaking economic growth subsided. "There's some juice left in this market - commodities are on the march again. China is still there with huge growth and expansion potential," said David Buik of financial bookmaker Cantor Index. "Drugs are in demand, banks are the recipient of M&A gossip, Arcelor (CELR.PA:  ...

LONDON (Reuters) - The top share index surged for the second session in a row on Friday, with miners such as Kazakhmys (KAZ.L: Quote, Profile, Research) and Anglo American (AAL.L: Quote, Profile, Research) once again at the forefront after fears over inflation and peaking economic growth subsided. "There's some juice left in this market - commodities are on the march again. China is still there ...

TOKYO (Reuters) - The Nikkei average rose 2.63 percent on Friday, on track to book its first weekly gain in six weeks, as a sharp rebound on Wall Street and easing concerns about a rise in U.S. interest rates spurred buying in Canon Inc (7751.T: Quote, Profile, Research) and other recently battered stocks. Toyota Motor Corp. (7203.T: Quote, Profile, Research) and other auto makers, which have declined since early May on concerns about an economic slowdown in the United States, their key marke ...

SINGAPORE (Reuters) - Oil climbed back above $70 a barrel on Friday, rising for a third day as investors grew more optimistic about U.S. economic growth and energy demand after a toned-down inflation warning from the U.S. Federal Reserve. U.S. light, sweet crude rose 60 cents to $70.10 a barrel by 3:23 a.m. British time, taking gains since Tuesday to over 1.5 percent in a muted snap-back from a g ...

NEW YORK (Dow Jones) -- The dollar edged modestly lower against major foreign- exchange counterparts Thursday after a government report showed capital flows into the U.S. fell sharply in April, re-igniting concerns over the U.S. ability to finance its swelling deficits. Capital flows into the U.S. slumped to $46.7 billion in April as private investors sold Treasury bonds and notes and bought fe ...

World stock markets have posted strong gains on Thursday, with the Dow Jones index surging past 11,000 points. Wall Street's benchmark, the Dow, was up 1,8%, as the technology-heavy Nasdaq index rose 2.8% after the US central bank boss quashed inflation fears. The day's biggest winner was India's BSE index, which shook off the hefty losses of past weeks to gain 6.9%. Europe's main indexes, London's FTSE 100, Frankfurt's Dax and Paris' Cac 40 all added more than 2%. The only major market post ...

WASHINGTON (Dow Jones) -- The Federal Reserve is watching the impact of high energy costs on prices closely, Fed chief Ben Bernanke said on Thursday. The central bank's chairman repeated that energy and commodity prices could account for some of the recent pickup in core inflation and measures of longer- term inflation expectations. "These developments bear watching," Bernanke said in a spee ...

The dollar was little changed against major foreign-exchange counterparts Thursday as investors weighed stronger-than-expected manufacturing and labor market reports against weaker capital flows data. The greenback had earlier rallied after data showed factoring activity in the New York area surged unexpectedly in June and jobless claims fell to the lowest level since mid-February. But the mome ...