Bloomberg Business -Dollar: The U.S. dollar has risen to a seven-month high against the euro, with Nomura adding to Goldman’s recent call for parity between the greenback and the euro by the end of this year. In an interview with Bloomberg, European Central Bank Executive Board Member Peter Praet highlighted risks of inflation expectations in....
Bloomberg Business -Fed minutes: Perhaps the most remarkable thing about the market reaction to yesterday’s release of the October FOMC minutes, which appeared to stress the potential for an interest rate liftoff in December, is how few signs there are of investor unease. The greenback has weakened, with the Bloomberg Dollar Spot Index dropping 0.4....
Bloomberg Business -Warplane shot down: Turkey has shot down a Russian jet near the Syrian border. In the immediate aftermath markets have reacted nervously, with the lira selling off, Russian stocks sliding and global government bonds climbing as investors move to safe havens. Bloomberg.com will have more on this developing story throughout the day. -Ackman....
Bloomberg Business -Metals Rally on Chinese Support, Boosting Stocks; Aussie Slides: Signs China is moving to prop up metals prices boosted aluminum to zinc, helping to fuel a second day of gains in European equities. Copper jumped as much as 4.2 percent and aluminum rose the most since early October, pushing up miners on the....
Bloomberg Business -IMF decides on the yuan: At its executive meeting today in Washington, the IMF will decide whether to grant China’s yuan status as a reserve currency by adding it to the fund’s Special Drawing Rights (SDR) basket. The decision is almost certain to be to include the yuan after IMF Managing Director Christine....
Bloomberg Business -Initial Jobless Claims in U.S. Rose to 269,000 Last Week: Applications for unemployment benefits in the U.S. rose last week, maintaining a see-saw pattern around four-decade lows that shows persistent strength in the labor market. Jobless claims climbed by 9,000 to 269,000 in the period ended Nov. 28, matching the median estimate in....
Bloomberg Business -Anglo keeps mining slump going: European mining stocks continued their losing streak into a seventh day despite a rebound in metals prices and oil. Anglo American Plc tumbled the most on record yesterday, and today shows no signs of letting up – down 8.8 percent. The stock is on track for its worst week....
Bloomberg Business -Battered rand: The South African rand briefly broke through 16 per dollar this morning as fallout from President Jacob Zuma’s abrupt firing of his finance minister continues. Yields on benchmark government bonds due Dec. 2026 climbed to 10.6 percent and the South African bank share index has seen $11 billion wiped off its....
Bloomberg Business -Commodities: Oil is gaining after yesterday’s drop below $35, with WTI for January delivery at $37.06 a barrel on the New York Mercantile Exchange at 10:30 a.m. London time. In the wider commodity market, Sam Walsh, chief executive officer of Rio Tinto Group warned that the collapse in iron ore prices has some....
Bloomberg Business -Ding dong, the ZIRP is dead: Markets around the world have reacted very positively to the U.S. Federal Reserve’s expertly-managed rate rise. The word of the day is «gradual» as the question quickly moved on from «when?» to «how fast?» the Fed would be raising rates. The famous dot-plot is pointing to four....
Bloomberg Business -Oil: WTI for February delivery increased as much as 42 cents to $36.56 a barrel on the New York Mercantile Exchange and was at $36.46 as of 10:55 a.m. London time. In recent days, the spread between WTI and Brent has closed to almost zero while options traders bet on oil falling to....
Bloomberg Business -China stops rout: China’s CSI 300 Index closed 0.3 percent higher after falls of more than 2 percent were erased in a late-session rally. According to people familiar with the matter, state-controlled funds bought equities and the securities regulator signaled that a selling ban for major investors which was due to expire this....
Bloomberg Business -Rebound: The MSCI Asia-Pacific Index jumped by the most in four weeks, led by gains in Japan and Hong Kong while the Europe Stoxx 600 was trading 1.4 percent higher at 11:00 a.m. London time. U.S. index futures indicate the equity rebound will extend to a third day with contracts on the S&P....
Bloomberg News -Stocks fall: Equity markets across the globe are tumbling, with Japanese stocks plunging into a bear market, Chinese equities in Hong Kong falling to their worst level since 2007, emerging market stocks sinking to the lowest in six years, and European stocks reaching a 13-month low. U.S. futures are also in retreat. -Bonds....
Bloomberg Business -Global stock rebound: Mario Draghi promised further easing in March. China’s Vice President Li Yuanchao vowed to ‘look after’ stock market investors. Stocks have reacted very positively with Japanese shares surging by the most in four months, Chinese markets closing higher and European stocks rallying. U.S. futures are also indicating a higher open.....