Ian Stannard News
-
China’s weakening economic expansion and slowing earnings growth in the U.S. sent copper into a bear market and gold to the biggest weekly drop in a year and a half, while global stocks fell the most in 10 months.
-
The dollar fell against the euro, reversing an earlier gain, after a report showed manufacturing in the Philadelphia region expanded less than forecast, boosting the chances that U.S. monetary stimulus will be maintained.
-
The pound rose against the dollar after U.S. data on leading economic indicators and Philadelphia- area manufacturing trailed estimates.
-
The yen climbed against all of its 16 most-traded counterparts after China’s economic growth slowed more in the first quarter than economists forecast, fueling demand for haven assets.
-
The Dollar Index approached the highest level since August before a U.S. report forecast to show payrolls increased in March, underpinning optimism the world’s biggest economy is recovering.
-
The euro will decline to its lowest level in almost three years as a bailout for Cyprus raises the threat of further euro-zone contagion, according to Morgan Stanley’s Ian Stannard.
-
The euro gained the most this week versus the dollar as falling Spanish and Italian government bond yields signaled Cyprus’s banking crisis may be contained.
-
The pound has become the main transmission tool for the Bank of England to loosen monetary policy because the link between U.K. bond markets and households is weaker than in the U.S., according to Morgan Stanley.
-
The yen strengthened for a second day against the dollar as a lack of unity among Japanese lawmakers for the government’s picks to run the central bank damped speculation for accelerated monetary easing.
-
The pound declined to a 2 1/2-year low versus the dollar and dropped against the euro this week amid investor concern that U.K. policy makers are struggling to avoid an unprecedented triple-dip recession.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page