Reserve Requirements News
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Updated 39 minutes ago
Colombian inflation is poised to accelerate to the upper limit of the central bank’s target range even after eight interest-rate increases in the past year aimed at holding down consumer prices, credit-market measures show.
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Sales of previously owned U.S. homes rose in January to the highest level since May 2010 as investors took advantage of lower prices to buy distressed properties.
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European services and manufacturing output unexpectedly shrank in February as the euro-area economy struggled to rebound from a contraction in the fourth quarter.
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China’s manufacturing may shrink for a fourth month in February, indicating the world’s second- biggest economy remains vulnerable to a deeper slowdown as Europe’s crisis caps exports and the housing market cools.
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Goldman Sachs Group Inc. cut its 12- month prediction for commodity returns, while forecasting gains for crude oil and gold and keeping an “overweight” allocation in raw materials.
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Chinese equities traded in the U.S. slipped the most in two weeks on speculation the second reduction in banks’ reserve requirements in two months won’t be enough to bolster credit in the world’s second largest economy.
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Japanese stock futures were little changed and Australian equities slipped as oil rose while investors warned Greece will soon violate the terms of its second bailout.
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Commodities jumped to a six-month high as euro-area finance ministers reached agreement on a second debt bailout for Greece and U.S. equities rallied, boosting prospects for raw-material demand.
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U.S. equities pared early gains as a surge in oil dragged down transportation and consumer shares while Greece’s approval for a second bailout failed to spur enough confidence to keep the Standard & Poor’s 500 Index at an almost four-year high. Treasuries declined.
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Copper surged the most since November after a second bailout for Greece eased concern that a European debt crisis will crimp metals demand, and as China took steps to spur bank lending and economic growth. Aluminum also rallied.
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