Hong Kong (AFP) - The euro sank to an 11-year low Monday but Asian equities largely recovered from early losses after an anti-austerity party won Greece's election, throwing its international bailout into doubt and raising fears it could leave the eurozone.
OTTAWA — In an environment of low-for-longer interest rates, and global economic uncertainty, the persistent concern of Canada’s monetary policymakers remains in its own backyard: household debt.
Even so, the Bank of Canada continues to be focused on other major risks to the country’s economy and financial system, as well as likely to be caused by external events — such as stresses in emerging economies, financial concerns in the eurozone and possible sharp increases in long-term interest rates.
Hong Kong (AFP) - Tokyo's stock market clocked up a ninth straight gain Wednesday thanks to a weaker yen while Shanghai jumped for a seventh session as investors bet on China unveiling more economy-boosting measures.
London (AFP) - The euro tumbled Tuesday towards a 12-year dollar low, hit by eurozone stimulus, growing US rate hike speculation and Greek debt concerns, dealers said.In morning London deals, the European single currency sank to $1.0735 -- the lowest level since mid-April 2003. The region's stock markets were lower.
Hong Kong (AFP) - Asian markets tumbled Tuesday following painful losses in New York and Europe while the euro sat near nine-year lows as political uncertainty in Greece fanned renewed fears it could leave the eurozone.
Hong Kong (AFP) - The dollar edged closer towards parity with the euro Thursday after the European Central Bank kicked off its stimulus programme this week, while Asian equity markets recovered slightly from a recent sell-off.
For the 56th day of the last 58, The Baltic Dry Index dropped. At 509, this is now down over 65% from the dead cat bounce highs in November 2014 and - yet again - a new all-time record low for the cost of shipping freight. It is no surprise then that, as Lloydlist reports, bulker newbuilding orders slumped in January.
Federal Reserve officials have become more concerned about weak growth overseas and the impact of a strengthening U.S. dollar on the domestic economy, warns WSJ Fed-whisperer Jon Hilsenrath, adding that, the stronger currency, by reducing the cost of imported goods and services, could hold U.S. inflation below the Fed’s 2% objective. Fed staff also reduced its projection for medium-run growth in part because of these concerns.
Venezuela has nice oil reserves but the government is spending more cash than it receives from pumping oil.Investors are finally starting to realize Venezuela may run out of money and will be forced to default on bonds.Please consider Venezuelan Bond Rout Deepens as Default Specter RaisedVenezuelan debt traders are beginning to consider the possibility the country may run out of money.
John M. Mason submits: On December 21, 2010, I made the following brash prediction, " ... my view of long term Treasury yields for 2011 is up, with the 10-year Treasury security reaching 4.5-5.0% in the upcoming year, a rise from around 3.3% to 3.5% now." I still believe that this is where the yield on the 10-year Treasury security should be.