LONDON, Jan 28- Nearly a quarter of all euro zone government bonds now have yields below zero, data from Tradeweb shows, a consequence of ECB schemes designed to channel money into the most credit-starved corners of the bloc's weak economy. European Central Bank policy-- including interest rates below zero and asset purchases-- has buoyed bond prices, knocking the...» Read More
German investor sentiment about the outlook for Europe's largest economy fell by much more than expected in June, a closely watched survey showed on Tuesday.
An online petition urging the European Central Bank not to raise interest rates in July is gaining ground, with people from France, Spain, Italy but also from English-speaking countries adding their signatures.
The U.S. Federal Reserve does not appear to see a compelling case for raising interest rates before autumn unless the inflation outlook deteriorates considerably, the Wall Street Journal said on Tuesday.
The euro has been steadily gaining ground against the U.S. dollar over the past two years, up 22%. This week's Charting Asia takes a look at where the Euro/Dollar is heading.
U.S. homebuilder sentiment sank in June to match the lowest level on record set in December, an industry group said.
The Federal Reserve can keep interest rates on hold for the moment but should not repeat past mistakes by leaving them too low for too long, a top Fed policy-maker said Monday.
For many many months now I’ve been suggesting (that’s a nice word for it) that in addition to plenty of predatory lending during the housing boom, a lot of folks just plain didn’t take the time to read their paperwork or even ask when exactly their adjustable rate loans would adjust.
A gauge of manufacturing in New York state contracted in June for the fourth time in five months, the New York Federal Reserve said in a report on Monday that also painted a mixed picture on inflation.
Surging food and fuel prices drove euro zone inflation to a new record high of 3.7 percent year-on-year in May, data showed, cementing expectations that the European Central Bank will raise interest rates on July 3.
China's factories hummed along last month, barely touched by the devastating earthquake in Sichuan. Industrial production growth inched up to 16.0% in the the year to May, topping market forecasts of 15.7%.
A few weeks ago the folks heading up the mortgage industry’s “Hope Now” initiative, which aims at getting lenders and servicers to refi, modify, or set up repayment plans for borrowers, came over to tell me how wonderful they were doing, and how their numbers were improving.
A look ahead to some of the major European events in business and politics next week.
Soaring gasoline and energy prices helped drive up U.S. consumer prices during May by the fastest rate since November, a government report showed.
Lunchtime on Friday 13th in Dublin and it looks to be unlucky for some. The results are still being counted, but early reports certainly suggest that the 'No' side has done better than it had hoped.
With Fed Chairman Ben Bernanke sounding alarms about inflation, the consumer price index is expected to have risen by 0.5 percent in May.
U.S. home foreclosure filings in May increased from April and were a whopping 48 percent higher than a year earlier, real estate data firm RealtyTrac said Friday.
The Bank of Japan kept interest rates on hold at 0.5% in a unanimous vote on Friday, as widely expected, as it balanced concerns about rising inflation with a worsening economic outlook.
China's retail sales held up in May despite the devastating Sichuan earthquake. May retail sales growth edged down to 21.6% from 22.0% in April, slightly below a consensus forecast of 21.8%.
Is there a July Fed action coming to take back a one-quarter rate cut? I think so. That would put up the target to 2.25%. It would be a shot heard round the world, strengthening the dollar and attracting new liquidity and capital flows into the US economy.
U.S. business inventories rose 0.5 percent in April, more than expected, while sales were their strongest since November, a government report showed.