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  • NEW YORK, March 4- U.S. The Labor Department said nonfarm payrolls increased by 242,000 last month. "It's a strong number overall, but the market is taking it in stride because even though the headline was stronger, the market is, for the most part, also looking at details including average hourly earnings," said Subadra Rajappa, head of U.S. rates strategy at SG...

  • detention@ NEW YORK, March 4- Brazil's stock market and currency surged to their highest in at least six months after police detained former president Luiz Inacio Lula da Silva for questioning on Friday in an investigation of a bribery and money laundering scheme. A London- listed Brazilian exchange traded equity fund jumped more than 11.0 percent to a...

  • HONG KONG, March 4- Foreign investors have welcomed China's landmark decision to open up its interbank bond market but are unlikely to jump in soon amid lingering concerns over the slowing economy and the outlook for its yuan currency. Others are likely to be more interested in higher-yielding offshore bonds, especially given expectations that China's...

  • BEIJING, March 4- Moody's downgrade of its outlook on China's government debt will be proven wrong in the future, the country's vice finance minister, Zhu Guangyao, told state media on Friday.

  • NEW YORK, March 3- Investors poured nearly $5 billion into riskier U.S.-based high-yield "junk" bond funds during the week that ended March 2, the largest inflows into these funds on record, according to data from Lipper on Thursday. It was the group's largest seven-day haul since at least 1992, when Lipper's record-keeping began, after prices on high yield bonds...

  • WASHINGTON, March 3- President Barack Obama on Thursday said he plans to tap a law professor and a former congressional staffer to serve on the Commodity Futures Trading Commission, the agency that polices the derivatives marketplace. The White House said it plans to nominate Chris Brummer, a law professor at Georgetown University and Brian Quintenz, an...

  • U.S.-BASED STOCK MUTUAL FUNDS POST $2.8 BLN OUTFLOW; STOCK ETFS ATTRACT $450 MLN OVER WEEKLY PERIOD- LIPPER.

  • U.S-BASED INFLATION-PROTECTED BOND FUNDS ATTRACT $299 MLN INFLOW OVER WEEKLY PERIOD; LARGEST INFLOW SINCE MAY 2015- LIPPER.

  • U.S.-BASED CORPORATE INVESTMENT-GRADE BOND FUNDS POST $761 MLN OUTFLOW OVER WEEKLY PERIOD, AFTER $142 MLN INFLOWS THE WEEK PRIOR- LIPPER.

  • U.S.-BASED MONEY MARKET FUNDS ATTRACT $5.7 BLN INFLOW OVER WEEKLY PERIOD; THIRD STRAIGHT WEEK OF NEW CASH- LIPPER.

  • The Market Vectors Generic Drugs ETF, which fund manager Van Eck Associates Corp launched with $2.5 million in assets on Jan. 12, has fallen 5 percent through Wednesday and has failed to attract even $1 in new money, according to Lipper. The Market Vectors fund, which tracks the Indxx LLC- built generic index, is the only U.S. "There is a lot of discussion around...

  • NEW YORK, March 3- U.S. "The oil move versus the intraday move in Treasuries looks very correlated," said Subadra Rajappa, head of U.S. rates strategy at SG Corporate& Investment Banking in New York. Limiting rising Treasury prices were concerns surrounding Friday's employment report, which is expected to show employers added 190,000 jobs in February, according to...

  • March 3- U.S. stock index futures were little changed on Thursday as investors await a raft of economic data to further assess the health of the economy. The data, due at 8:30 a.m. ET, comes ahead of the comprehensive labor report for February on Friday. *The ISM non-manufacturing PMI index, expected at 10 a.m. ET, is likely to show a slight drop to 53.2 in February from...

  • TOKYO, March 3- Japanese government bonds mostly slipped on Thursday in line with buoyant risk sentiment as equities rallied, but yields in the superlong zone hit fresh record lows. The Ministry of Finance auctioned 300 billion yen of off-the-run 20- year, 30- year, and 40- year JGBs to enhance market liquidity, and results indicated better-than-expected...

  • MANILA, March 3- Gold edged lower on Thursday as investors returned to risky assets after upbeat U.S. jobs data, lifting equities in Asia to a seven-week high, although strong inflows into gold funds limited losses in the metal. Spot gold was off 0.2 percent at $1,237.65 an ounce by 0143 GMT, after rising 0.7 percent on Wednesday. The metal hit a one-year high of...

  • HONG KONG, March 3- Mainland Chinese financial institutions have expanded their physical footprint in Hong Kong's prime business district at their fastest pace in five years, driving up rents and underscoring how Beijing's policies are reshaping the city. Policies such as the Shanghai- Hong Kong stock connect and mutual funds recognition schemes point...

  • *Canadian dollar ended at C $1.3427 or 74.48 U.S. cents. Commodity currencies have benefited in the last few days from the bounce in commodity prices as well as "data surprises," said Daniel Katzive, head of FX strategy North America at BNP Paribas. Australia's economy grew in the fourth quarter at the fastest pace in almost two years, while Canada's gross domestic...

  • NEW YORK, March 2- The Pimco Total Return Fund, which last year lost its crown as the largest bond fund in the world, kept hemorrhaging money in February, with cash withdrawals of $600 million in the latest month. For the month, the Pimco Total Return Fund posted negative returns of 0.66 percent after fees, trailing the benchmark return of 0.71 percent.

  • BOSTON, March 2- DoubleLine Capital, which oversees some $90 billion in assets, is shutting down its three-year old DoubleLine Equities Growth Fund, a spokesman said on Wednesday. The $5.9 million DoubleLine Equities Growth Fund will stop operating after failing to gain much traction with investors and posting poor returns. "The fund does not seem to be gaining...

  • NEW YORK, March 2- U.S. "Between yesterday and today's data one thing that's coming across is that the U.S. economy isn't as bad as markets have been pricing in and things are actually getting better," said Cheng Chen, interest rates strategist at TD Securities in New York. "The ADP adds to beliefs the job market is OK and that was one of the fundamental factors behind the...