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Finance Banks

  • Gold futures briefly jumped Wednesday following the Fed's decision to hike interest rates.

  • Trump is months away from installing top officials at key regulatory posts to carry out his agenda.

  • *German Bund yields close to seven-week lows. LONDON, June 14- Europe's benchmark bond yield held near seven-week lows as analysts said weak growth and inflation may encourage the U.S. central bank to adopt a cautious tone after a widely expected rate hike at its meeting on Wednesday. Germany's 10- year yield and most other euro zone equivalents were flat on the...

  • BEIJING, June 14- China's bank lending was generally normal in May, while the slowdown in M2 money supply growth reflects deleveraging in the finance sector, the People's Bank of China said on Wednesday following the release of May lending and money supply data. In a statement, the PBOC said the slower annual M2 growth, which fell to a more than two decade low of 9.6...

  • BEIJING, June 14- Total social financing, a broad measure of credit and liquidity in the economy, declined to 1.06 trillion yuan in May from 1.39 trillion yuan in April, data from the central bank showed on Wednesday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans...

  • BEIJING, June 14- China's outstanding total social financing was 165.2 trillion yuan at the end of May, up 12.9 percent from a year earlier, the central bank said on Wednesday. It can also hint at trends in China's vast shadow banking sector. China's foreign exchange deposits were $779 billion at the end of May, compared with $777.5 billion a month earlier, the...

  • BEIJING, June 14- Total social financing, a broad measure of credit and liquidity in the economy, declined to 1.06 trillion yuan in May from 1.39 trillion yuan in April, data from the central bank showed on Wednesday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings, loans...

  • *Dovish Czech rate setter Tomsik says no hurry into rate hike. BUDAPEST/ PRAGUE, June 14- The Czech crown retreated from multi-year highs on Wednesday after Czech central bank Vice-Governor Vladimir Tomsik said its strength allows the bank not to rush into interest rate hikes. The crown eased marginally, by less than 0.1 percent against the euro by 0808 GMT.

  • LONDON, June 14- Stocks rose on Wednesday, but worries about stretched valuations and caution before a near-certain rate hike by the U.S. The U.S. central bank is scheduled to release its decision at 1800 GMT on Wednesday with a news conference to follow from Chair Janet Yellen. Worries about the pace of global growth and weakness in markets for the commodities...

  • BEIJING/ HONG KONG, June 14- The Export-Import Bank of China plans to issue up to another $4 billion in euro- and dollar-denominated bonds this year, on top of $4 billion issued so far, as Beijing's Belt and Road initiative drives demand for foreign currency funds. In a rare interview, Wang Kai, general manager of the policy lender's treasury department, said EXIM...

  • *German Bund yields close to seven-week lows. LONDON, June 14- Europe's benchmark bond yield held near seven-week lows as analysts said weak growth and inflation may encourage the U.S. central bank to adopt a cautious tone after a widely expected rate hike at its meeting on Wednesday. Germany's 10- year yield and most other euro zone equivalents were flat on the...

  • SHANGHAI, June 14- Hong Kong shares were little changed on Wednesday, lagging a record run in Wall Street, as investors waited for more clues from the Federal Reserve on future U.S. policy after an expected interest rate rise later in the day. Hong Kong typically follows U.S. rate moves because of its currency peg to the U.S. dollar. All eyes were on the U.S. central bank,...

  • LONDON, June 14- The dollar steadied on Wednesday ahead of a Federal Reserve policy statement widely expected to raise interest rates for the third time in six months but also to signal doubts over how soon it may make its next move. Worries about the pace of global growth and weakness in markets for the commodities they produce drove a 5 percent slide in the values...

  • *PBOC asks Shanghai banks for asset quality, credit report. SHANGHAI, June 14- China's central bank is asking lenders in Shanghai for information on how recent regulatory tightening is effecting their lending and credit quality, two people with direct knowledge of the matter said on Wednesday. Banks in Shanghai recently received a notice from the People's Bank...

  • Preference for European equities: JP Morgan Private Bank

    Julien Lafargue, vice president for European equity strategies at JP Morgan Private Bank, and Bob Janjuah, senior independent client adviser at Nomura, discuss investment strategies.

  • SYDNEY, June 14- Copper prices eased on Wednesday, with investors cautious ahead of the outcome of a two-day meeting where the U.S Federal Reserve is expected to hike interest rates and give clues on its policy outlook for the rest of the year. Fed Chair Janet Yellen is due to hold a press conference at 1830 GMT. Exchange was down $1 at $5,716 a tonne, by 0740 GMT,.

  • SHANGHAI, June 14- The Shanghai branch of China's central bank is asking city lenders for information on asset quality, credit needs and potential risks on top of what all Chinese banks are preparing for a routine assessment, two people with direct knowledge of the matter said on Wednesday. Banks in Shanghai recently received a notice from the People's Bank of...

  • Broad picture for China bright, despite corruption: AllianceBernstein

    Morgan Harting, senior portfolio manager of emerging market multi asset portfolio at AllianceBernstein, speaks about issues facing the Chinese economy.

  • SHANGHAI, June 14- China's yuan edged up against the dollar on Wednesday, with the market unfazed by evidence of a still-solid economy and divided over the impact of an anticipated rise in U.S. interest rates. A small majority of traders in a Reuters poll say a U.S. interest rate hike could prompt the People's Bank of China to raise short-term money market rates, as it...

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/econ-polls? TOKYO, June 14- If and when the Bank of Japan should reveal its plans to exit its ultra-loose monetary policy has split economists polled by Reuters, with the economy showing signs of recovery even though inflation remains far below the central bank's target. Last week, the head of Japan's life...

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