Treasury market volatility declined to a 10-month low as investors tried to discern how much winter weather is responsible for slowing the economy.
West Texas Intermediate traded near the lowest price in more than three weeks amid speculation that crude stockpiles expanded in the U.S., the world’s biggest oil consumer. Brent was stable in London.
U.K. factory production rose more than forecast in January in a sign the economic recovery is gaining traction.
Analysts have raised their year-end forecasts for the pound against the dollar to the highest in more than two years amid speculation the Bank of England will increase interest rates before the U.S.
U.K. stocks declined for a third day as losses in Barclays Plc outweighed better-than-expected data on factory production.
Chinese regulators approved a trial program to establish five privately owned banks as the government seeks to ease restrictions on the state-controlled banking industry.
Baoding Tianwei Baobian Electric Co.’s bonds and stock were suspended from trading today after the Chinese electrical equipment maker said it reported losses for a second year running.
Asian stocks rose, with the regional benchmark index rebounding after yesterday dropping the most in two weeks, as telecommunications companies advanced.
Holders of bonds sold by Shanghai Chaori Solar Energy Science & Technology Co. will consider a lawsuit to force payment after the company became the first to default on onshore corporate debt in China.
The Bank of Japan maintained record easing, keeping ammunition as an April sales-tax bump threatens to trigger the deepest one-quarter contraction since the March 2011 earthquake.
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