Securities
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LONDON, April 23- Gold dropped on Tuesday after the outflow from the biggest gold exchange-traded fund accelerated, indicating investors' weakening confidence in the precious metal, and as a stronger dollar put pressure on prices. Gold fell 1.1 percent to a session low of $1,409.54 an ounce early in the day and was down 0.8 percent at $1,414.41 by 1043 GMT.
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*Central bank reserve diversification likely to speed up. *Canada, Australia, China, Brazil, Russia, Norway in mix. LONDON, April 23- After years of being also-rans, currencies from countries such as Canada, Australia, China, Brazil, Russia and Norway now have a realistic chance of breaking deeper into the $11 trillion global reserve mix.
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TOKYO, April 23- The Bank of Japan should stick with its expanded quantitative easing to achieve its inflation target, but this may not be enough to foster sustainable economic growth unless it is coupled with structural reforms, the OECD said on Tuesday.
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TOKYO, April 23- Japanese government bonds rose on Tuesday, with the longer end of the curve underpinned by expectations that any shift away from JGBs in Japanese life insurers' allocation plans will likely come gradually.
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Japan's government should stick with its plan to double the sales tax to 10 percent, compile a detailed plan to return to primary budget surplus in 2020 and boost revenue from other taxes, the Organisation for Economic Cooperation and Development said.
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The exchange will be offering futures in the Indian rupee, Singapore dollar, Australian dollar and the Aussie-Japanese yen cross in the third quarter of 2013.. "From a glass half full perspective, we see boundless opportunity," Michael Syn, SGX's head of derivatives said in an interview as part of a Reuters FX Summit in Singapore.
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SINGAPORE, April 23- Gold turned lower on Tuesday after rising to a 1- week high on bargain hunting in the previous session, while more gold outflows from exchange-traded funds summed up investors' weakening confidence in the metal. *Gold fell $4.63 an ounce to $1,420.51 by 0021 GMT. *U.S. gold futures for June delivery stood at $1,420.20 an ounce, down $1.00.
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NEW YORK, April 22- Families saving for college poured billions of dollars into U.S. 529 education savings plans over the past five years, even as these plans' performance lagged behind other investments like mutual funds, investment research company Morningstar Inc said on Monday.
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*Fed bought $3.73 billion in Treasuries in QE operation. NEW YORK, April 22- U.S. government debt prices rose on Monday on news of weaker-than-expected home resales in March and the implications of waning inflation. Lower yields reflect a smaller inflation-risk premium, "said Zach Pandl, strategist at Columbia Management.
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Ralph Lauren will pay more than $1.6 million to settle a criminal and civil investigation into allegations that one of its subsidiaries bribed government officials in Argentina.
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*U.S. to sell $99 billion in 2- year, 5- year, 7- year debt. NEW YORK, April 22- U.S. government debt prices rose modestly on Monday in advance of this week's $99 billion in coupon-bearing supply, as an uneven stock market and worries about the economy overshadowed hopes for a possible end to the political stalemate in Italy.
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*Halliburton rallies in premarket after results. NEW YORK, April 22- U.S. stock index futures were higher on Monday, rebounding from stocks' worst week in 2013, as the latest quarterly earnings included major companies ranging from Caterpillar Inc to Halliburton Co to Texas Instruments Inc..
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*Halliburton rallies in premarket after results. *Power-One soars after $1 billion purchase offer from ABB. NEW YORK, April 22- U.S. stock index futures were higher on Monday, rebounding from stocks' worst week 2013, as the latest quarterly earnings included major companies ranging from Caterpillar Inc to Halliburton Co to Texas Instruments Inc..
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*Gold to test resistance at $1,424- technicals. *Strong buying seen in Asia, ETF holdings drop. LONDON/ SINGAPORE, April 22- Gold rose on Monday, supported by strong physical buying after its fall last week to the weakest price in two years, but sentiment was shaky as bullion holdings in exchange-traded funds were trimmed to the lowest in three years.
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MUMBAI, April 22- Indian currency futures volumes have been stifled by a central bank move last year to prevent rupee weakness which has indirectly created prices variations between listed and over-the-counter derivatives, a senior official at domestic exchange MCX-SX told Reuters.
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*CME Group sees record yen futures/options volumes. SINGAPORE, April 22- CME Group is seeing record volumes in futures involving the Japanese yen, spurred by rising volatility in currency markets and the yen's sharp swings this year, the head of the exchange's currency and interest rate products told Reuters.
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*Gold to test resistance at $1,424- technicals. SINGAPORE, April 22- Gold jumped more than 2 percent on Monday after a rebound above $1,400 ignited technical buying, but sentiment was shaky as steady outflows from exchange-traded funds trimmed their bullion holdings to the lowest in three years.
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*U.S. to sell $99 billion in 2- year, 5- year, 7- year debt. NEW YORK, April 22- U.S. government debt prices were flat on Monday in advance of this week's $99 billion in coupon-bearing supply, as uneven gains in the stock market offset worries about the domestic economy losing momentum.
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*Gold to test resistance at $1,424- technicals. SINGAPORE, April 22- Gold jumped more than 1 percent on Monday after a rebound above $1,400 ignited technical buying, but sentiment was shaky as steady outflows from exchange-traded funds trimmed holdings to their lowest in three years.
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SINGAPORE, April 22- Gold edged up on Monday and held above the psychologically key level of $1,400 an ounce, although sentiment was shaky after steady outflows from exchange-traded funds trimmed holdings to their lowest in three years. *Gold had added $1.49 an ounce to $1,405.34 by 0032 GMT.