Latest news on ‘Global Markets’
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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 [...] -
U.S. Economy: Confidence Sinks on Concern Over Jobs
(Bloomberg) — Confidence among U.S. consumers sank in June more than forecast as Americans became distressed over the outlook for jobs and incomes.
Stocks plunged as the confidence data, combined with [...] -
‘Double Dip’? Or Did the ‘Great Recession’ Really Never End?
Monday’s weak consumer spending data is the latest in a string of reports that has many Americans worried about a “double-dip” recession.
Then again, considering the unemployment rate has remained elevated, [...] -
World’s rich got richer amid ‘09 recession
NEW YORK (Reuters) – The rich grew richer last year, even as the world endured the worst recession in decades.
A stock market rebound helped the world’s ranks of millionaires climb [...] -
Europe shares hit 7-week closing high on yuan move
(Reuters) – European shares rose for a ninth straight session on Monday to a seven-week closing high as China’s move to allow a flexible yuan raised hopes for a recovery [...]
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European debt fears helped lower U.S. prices in May
By Neil Irwin – Washington Post
A silver lining of the European debt crisis is starting to emerge: falling prices in the United States.
Consumer prices fell 0.2 percent in May, the [...]
