Latest news on ‘Global Markets’
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Ben Bernanke promises to step in as US economy veers back towards recession
US central bank boss Ben Bernanke today vowed to step in to prop up a fragile US economic recovery if needed as he conceded growth had been weaker than the [...]
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Chances of Double Dip Now Over 40%: Roubini
CNBC – The chances of a double-dip recession are now more than 40 percent and policymakers have options to stimulate the economy, Nouriel Roubini of Roubini Global Economics told CNBC [...]
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Treasuries Surge, Pushing Two-Year Note Yields to Record Low
(Bloomberg) — Treasuries rallied, driving two-year note yields to a another record low and sending those on 10-year securities below 2.5 percent for the first time since March 2009 after [...]
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China surpasses Japan as world’s No. 2 economy
TOKYO – Japan lost its place to China as the world’s No. 2 economy in the second quarter, as receding global growth sapped momentum and stunted a shaky recovery.
Gross domestic [...] -
U.S. Jobless Claims Unexpectedly Climb to Five-Month High
Bloomberg – More Americans unexpectedly filed applications for unemployment insurance last week, signaling firings stepped up as the economy slowed.
Initial jobless claims rose by 2,000 to 484,000 in the week [...] -
Treasury Two-Year Yield Drops to All-Time Low on Concern Recovery Slowing
Bloomberg – Treasuries rose, pushing the two- year note yield to a record low, a day after the Federal Reserve said the economic recovery is slowing.
Benchmark 10-year note yields dropped [...] -
US Stocks Trade In Narrow Range Ahead Of Fed Decision
NEW YORK (Dow Jones)–U.S. stocks traded in a narrow range Monday as investors moved guardedly a day ahead of the Federal Reserve’s policy-setting meeting.
Traders backed away from staking out major [...] -
Greece in “Death Spiral;” Europe Still in Deep, Deep Trouble, Says Niall Ferguson
The euro reached an eight-week high of $1.27 against the U.S. dollar on Friday, continuing its turnaround rally that has seen the currency rise 7% after hitting a four-year low [...]
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Europe to mark down Greek debt in bank tests
FRANKFURT/BRUSSELS (Reuters) – Stress tests on European banks need to mark down the value of Greek government debt by about 16 percent, sources said, as regulators haggled over how much [...]
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Japan Exporters Drop, Yen Climbs
SINGAPORE — Asian stock markets were lower Tuesday, with the Tokyo market hit by losses in exporter stocks fuelled by yen strength.
“It’s extraordinarily thin, holiday-affected trade,” said BBY senior institutional [...]
