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By John Detrixhe, Bloomberg |
May 23, 2013
The yen climbed the most in almost three months versus the dollar as risk appetite shrank, with Japanese stocks tumbling after a technical signal that they had gained too much, too fast.
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By Aki Ito, Bloomberg |
May 23, 2013
Federal Reserve Bank of San Francisco President John Williams, emphasizing the need for policy flexibility, said any move to reduce the pace of the central bank’s bond buying could be followed by an increase should the economy weaken again.
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By Debarati Roy and Maria Kolesnikova, Bloomberg |
May 23, 2013
Gold rose for the first time in three days on signs that Chinese manufacturing will slow in May for the first time in seven months, sparking a drop in global equities and increased demand for bullion as a protection of wealth.
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By Jeanna Smialek, Bloomberg |
May 23, 2013
Fewer Americans than projected filed applications for unemployment benefits last week, a sign that the job market is sustaining recent gains.
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By Lorraine Woellert, Bloomberg |
May 23, 2013
Builders sold more U.S. new homes than projected in April as cheaper borrowing costs and job gains drew more buyers into the market.
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By Glenys Sim |
May 22, 2013
Gold fell for a third day after U.S. Federal Reserve Chairman Ben S. Bernanke hinted at scaling back stimulus.
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By Susanne Walker and Cordell Eddings, Bloomberg |
May 22, 2013
Treasuries fell, pushing 10-year note yields above 2 percent for the first time since March, after Federal Reserve Chairman Ben S. Bernanke told Congress the Fed may cut the pace of bond purchases at the next few meetings if policy makers see indications of sustained economic growth.
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By Lu Wang and John Detrixhe, Bloomberg |
May 22, 2013
Treasuries tumbled with gold and the dollar rallied, while U.S. equities retreated, as concern grew that the Federal Reserve will scale back its stimulus efforts if the labor market continues to improve.
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By Jeff Kearns and Joshua Zumbrun, Bloomberg |
May 22, 2013
Many Federal Reserve officials said more progress in the labor market is needed before deciding to slow the pace of asset purchases, according to minutes of their last meeting.
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By John Detrixhe and David Goodman, Bloomberg |
May 22, 2013
The yen fell to the weakest in three years against the euro after Bank of Japan policy makers affirmed a plan to double the monetary base over two years and their statement showed no concern about rising bond yields.
