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BOJ Monthly Report of Recent Economic and Financial Developments

Posted by Forexsq 2 days ago (http://www.boj.or.jp)
img Japan's economy has started picking up. Overseas economies have been moving out of the deceleration phase that had continued since last year and are gradually heading toward a pick - up. In this situation, exports have stopped decreasing. Business fixed investment continues to show resilience in non manufacturing and appears to have stopped weakening on the whole. Public investment has continued

Yen Jumps Most in Five Weeks Versus Euro on China, U.S. Concern

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img The yen jumped the most in five weeks against the euro as signs China’s economy is slowing and the prospect of a reduction in U.S. monetary stimulus boosted demand for safer assets.

Japan’s currency climbed at least 1.1 percent versus all 16 of its major counterparts as the nation’s stocks slid the most since the aftermath of the Fukushima disaster in March 2011. The Australian dollar dropped

Stocks Slump With Metals on China Data as Yen Strengthens

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img Global stocks fell, led by the biggest drop in Japanese shares since the aftermath of the Fukushima disaster, while metals sank as Chinese manufacturing unexpectedly contracted and speculation mounted the Federal Reserve will cut bond purchases. The yen and Treasuries rose.

The MSCI All-Country World Index declined 1.3 percent at 9:20 a.m. in London as Japan’s Topix Index (TPX) slumped 6.9 per

Wall Street Seeks Dodd-Frank Changes Through Trade Talks

Posted by Forexsq 2 days ago (http://www.bloomberg.com)
img U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis.

While the companies say they are seeking agreements that preserve strong regulations and encourage economic growth, their effort is drawing fire from groups who argue that Wall Street wants to make the tr

China factory activity hits 7-month low

Posted by Forexsq 2 days ago (http://money.cnn.com)
img Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven months.

Global bank HSBC said its "flash" index of purchasing managers' sentiment fell to 49.6 from a final reading of 50.4 in April. It's the first time the index has fallen below 50 since October 2012. Any reading above 5

Unemployment insurance weekly claims report

img In the week ending May 18, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 23,000 from the previous week's revised figure of 363,000. The 4-week moving average was 339,500, a decrease of 500 from the previous week's revised average of 340,000. The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending May 11, unchanged from t

The outlook for the UK economy - speech by Paul Fisher

Posted by Forexsq 1 day 19 hours ago (http://www.bankofengland.co.uk)
img Speaking in Cardiff today, Paul Fisher, the Bank’s Executive Director for Markets and a member of the Monetary Policy Committee, gives a personal view on why the recovery from recession has been slow and is likely to continue to be prolonged. He also reviews the recent institutional changes at the Bank of England which, he says, “will help shape the policy environment for a generation”. Paul Fish

Japan stocks end up after roller-coaster ride

Posted by Forexsq 1 day 19 hours ago (http://www.marketwatch.com)
img Japanese shares ended modestly higher Friday after a roller-coaster ride that subjected the Nikkei Stock Average to a swing of more than 3% on both sides of the previous day’s close.

Most other regional markets also charted a similarly choppy path before ending higher, but Australian stocks tumbled as banks and resource stocks skidded amid concerns about the outlook for the local and Chinese e

Most European Stocks Climb Before U.S. Durable-Goods Data

Posted by Forexsq 1 day 19 hours ago (http://www.bloomberg.com)
img Most European stocks advanced, after the benchmark Stoxx Europe 600 Index yesterday dropped the most in 10 months, as investors awaited data that may show U.S. durable-goods orders increased in April. U.S. index futures were little changed and Asian shares fell.

Elan Corp. rose to a one-month high after the Irish drugmaker’s board of directors unanimously rejected a higher takeover offer from

Japan markets: Nikkei rebounds after big plunge

Posted by Forexsq 1 day 19 hours ago (http://money.cnn.com)
img After a bumpy ride, stocks in Japan closed with a small gain on Friday, recovering from a deep plunge the day before.

The Nikkei popped up by over 3% in morning trading, fell by over 3% in the afternoon, but then recovered at the end of the day to close with a 0.9% gain.

Draghi Says Bond-Buying Pledge Helps Transmit Rates

Posted by Forexsq 1 day 19 hours ago (http://www.bloomberg.com)
img European Central Bank President Mario Draghi said his pledge to buy government bonds is helping to ensure that interest-rate cuts reach the parts of the euro-area economy that need them the most.

“Our measures gave breathing space from markets driven by panic, which were forcing the economy into a position where inappropriately high interest rates would make default a self-fulfilling prophecy,

Gold takes a pause after prior-day run

Posted by Forexsq 1 day 19 hours ago (http://www.marketwatch.com)
img Gold prices eased on Friday as Asian equities swung higher, but saw little benefit from a weaker dollar as the yen gained. Gold for August delivery GCQ3 -0.32% fell $2.50 to $1,390.30 an ounce. A day prior, gold settled at its highest level in a week, supported by a drop for the dollar and weaker global equities, largely a plunge in Japanese equities

Special Report: The deeper agenda behind Abenomics

Posted by Forexsq 1 day 19 hours ago (http://www.reuters.com)
img When ill health and political gridlock forced Shinzo Abe to quit after one dismal year as Japan's prime minister, his pride was dented and his self-confidence battered.

One thing, however, was intact: his commitment to a controversial conservative agenda centered on rewriting Japan's constitution. Conservatives see the 1947 pacifist charter, never once altered, as embodying a liberal social or

RBA Monetary Policy Meeting Minutes

Posted by Forexsq 4 days ago (http://www.rba.gov.au)
img Members noted that global economic data released over the past month had been somewhat mixed. Overall, the data suggested that the pace of growth in Australia's major trading partners had eased early this year, although the outlook was still for around trend growth in 2013 as a whole, before picking up in 2014. Growth in the Chinese economy had slowed a little in the March quarter, primarily refl

German business morale rises more than expected in May

Posted by Forexsq 1 day 19 hours ago (http://www.reuters.com)
img German business morale rose far more than expected in May, rebounding after two consecutive falls and suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter.

The Munich-based Ifo think tank said on Friday its business climate index, based on a monthly survey of some 7,000 firms, rose to 105.7 in May from 104.4 in April.

That compared with a
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