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  • NEW YORK, Oct 17- U.S. That yield peak came after news the Thomson Reuters/ University of Michigan index of consumer sentiment unexpectedly rose in early October to more than a seven-year high. "The strong consumer confidence number, combined with yesterday's healthy drop in jobless claims, and the' don't end quantitative easing now' talk by Fed Governor Bullard, is...

  • Bund yields hit new lows as euro zone outlook weakens Wednesday, 15 Oct 2014 | 7:13 AM ET

    *Fitch places France's AA+ ratings on negative watch. LONDON, Oct 15- German Bund yields fell to a record low on Wednesday as worries over a deteriorating euro zone economic outlook, fed by another credit rating blow for France, and "free falling" inflation expectations dominated the market. Yields jumped in Greece, where investors are worrying about the risk of snap...

  • LONDON, Oct 15- South Africa is likely to cut its 2014 growth forecast next week but the government does not expect the economy to slip into recession, Finance Minister Nhlanhla Nene said on Wednesday. The country, a top metals exporter, is feeling the impact of a slowdown in key market China and a fall in mining output, due largely to labour unrest.

  • WASHINGTON, Oct 14- The head of the San Francisco Federal Reserve Bank on Tuesday said he would be open to another of round asset purchases if inflation trends were to fall significantly short of the U.S. central bank's target. Although he said it would take a big shift in the U.S. economic outlook for the Fed to restart its bond buying, John Williams said the...

  • German government slashes growth forecast Tuesday, 14 Oct 2014 | 5:53 AM ET

    The drip, drip of bad news has raised fears that Germany could slip back into recession or stagnate, dragging down the 18- country eurozone— which itself is struggling to stoke a recovery. He said geopolitical conflicts and mediocre global growth were holding Germany back, while domestic demand and employment remain strong. Germany is a major exporter, selling...

  • *Market prices in later rate hike by Bank of England. LONDON, Oct 14- British inflation slowed sharply in September to its lowest level in five years, further reducing pressure on the Bank of England to start raising interest rates even as the economy grows strongly. "The lower reading on core inflation, if it were to be sustained, raises the risk that the BoE delays its...

  • WASHINGTON, Oct 11- Canadians would be working more hours if the nation's recovery were truly self-sustaining, Bank of Canada Governor Stephen Poloz said on Friday, casting a different light on the surge in employment in September. Poloz, who will be presenting the central bank's Monetary Policy Report on Oct. 22, also said a lot of the price hikes Canada has seen...

  • WASHINGTON, Oct 11- Brazil expects to see greater volatility in its economy when the United States begins hiking interest rates, Brazilian central bank chief Alexandre Tombini said on Saturday. Brazil has been preparing for an eventual rise in U.S. rates by amassing around $380 billion in currency reserves and maintaining a floating currency, Tombini said on...

  • WASHINGTON, Oct 10- Swiss National Bank Chairman Thomas Jordan vowed on Friday to take whatever steps were necessary to fend off deflation in the face of a weak global economy, worsening euro zone outlook and falling commodities prices. "At the moment we have this deflation risk, or risk of negative inflation, especially also because the European situation...

  • NEW YORK, Oct 10- An index of global equities fell to a seven-month low and oil hit a two-year low on Friday, continuing a string of weakness built on worries about weak worldwide economic growth. Assets tied to expectations for improved growth have been hit by a recent raft of weak indicators from Europe at a time when other big economies, including China, Japan and...

  • Nikkei drops to 2-month low on global growth concerns Thursday, 9 Oct 2014 | 9:39 PM ET

    *Fast Retailing jumps after strong outlook. TOKYO, Oct 10- Japan's Nikkei share average fell for the fourth straight day on Friday and hit a two-month low on concern about the strength of the global economy, but Fast Retailing Co outperformed after reporting rosy earnings. "Foreigners who had chased the Nikkei and its futures in July and August are taking profits...

  • *Wall St plunges, German recession fears mount as exports drop. NEW YORK, Oct 9- Brent broke below $90 a barrel on Thursday for the first time since the summer of 2012, joining a rout in U.S. crude and gasoline prices as sinking stock prices, Europe's worsening outlook and surging oil inventories hammered energy markets. Gary Ross, chief executive of PIRA Energy Group,...

  • NEW YORK, Oct 9- Brent broke below $90 a barrel on Thursday for the first time since the summer of 2012, joining a rout in U.S. crude and gasoline prices as sinking stock prices, Europe's worsening outlook and surging oil inventories hammered energy markets. "You can draw as many technical support levels as you like on these markets from the charts, but none may really...

  • NEW YORK, Oct 9- Brent crude tumbled to near a two-year low on Thursday then steadied above $91 a barrel, with Europe's worsening outlook and surging U.S. oil stockpiles keeping the pressure on a market that has lost more than a fifth of its price since June. Germany, Europe's No. 1 economy, in August experienced its largest plunge in exports since the height of the...

  • *IMF cuts forecasts for euro zone, Japan, Brazil. WASHINGTON, Oct 7- The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil. In its flagship World Economic Outlook report, the Washington- based lender cut its...

  • IMF cuts growth outlook, warns on euro zone, Japan Tuesday, 7 Oct 2014 | 9:00 AM ET

    WASHINGTON, Oct 7- The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil. The Fund's gloomy projections will set the stage for the gathering of the world's top economic policymakers in Washington this week,...

  • BANGKOK, Oct 7- Thailand's top business group expects exports to shrink this year, a further worrying sign for the military government which is struggling to re-energize the sputtering economy after months of political unrest. Exports, which are equivalent to more than 60 percent of the economy and unaffected by the unrest, are also struggling due to...

  • TOKYO, Oct 7- Bank of Japan Governor Haruhiko Kuroda stressed his resolve to maintain massive stimulus for a prolonged period but shrugged off the need to expand it soon, remaining upbeat on the outlook despite signs the economy may be in a mild recession. Kuroda also stuck to his view that a weak yen is positive for Japan's economy. As widely expected, the BOJ...

  • Exports, which are equivalent to more than 60 percent of the economy, are struggling due to slower-than-expected recoveries in the country's key markets and declining commodity prices, said a joint business group of the Thai Chamber of Commerce, the Federation of Thai Industries and the Thai Bankers' Association. "Exports are likely to be negative this year,...

  • By Leika Kihara and Stanley White. TOKYO, Oct 7- The Bank of Japan on Tuesday maintained its massive asset buying programme but offered a bleaker view on factory output, following signs that the world's third-largest economy was hit harder than expected by a sales tax increase in April. BOJ Governor Haruhiko Kuroda maintained that optimism earlier in the day,...