The yen gained a second day against the dollar as a flareup in tensions between Russia and Ukraine stoked investor demand for safety.
Two Spanish lenders said today their bad loan ratios fell in the first quarter, adding to evidence that the damage to bank balance sheets from a six-year economic slump is fading.
Shut out of international bond markets for four years, Greek Prime Minister Antonis Samaras wasn’t going to take any chances with his country’s return.
Spanish growth accelerated in the first quarter as Prime Minister Mariano Rajoy called on the European Central Bank to support a recovery threatened by the euro’s appreciation and deflation concerns.
German business confidence unexpectedly rose in April, signaling optimism that Europe’s largest economy will withstand risks from tension in Ukraine to price weakness in the euro area.
New Zealand’s central bank increased interest rates for the second time in two months as an economic recovery gathers pace, and said it will assess the extent to which currency gains curb inflation.
U.K. 10-year government bond yields rose to the highest since 2010 relative to their French counterparts amid diverging outlooks for monetary policy in Britain and the euro area.
Euro-area services and manufacturing expanded faster than economists forecast in April, indicating the economy continued to strengthen at the start of the second quarter.
German manufacturing and services strengthened more than economists forecast this month, adding to signs that the euro area’s largest economy is underpinning the region’s recovery.
French manufacturing and services growth cooled more than economists forecast this month as new business stagnated and employment fell.
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