TAKE-A-LOOK: US dollar jumps, global stocks slide, bonds up
Global stocks fell sharply on Monday after weak U.S. manufacturing data and record job losses in Europe raised concerns about the world's economic health while boosting the safe-haven appeal of U.S. and euro zone debt.
The U.S. dollar gained broadly after Russia expressed confidence in the greenback as the world's reserve currency, and the euro extended losses after the European Central Bank said euro zone banks face another $283 billion in write-downs.
Crude oil fell more than 3.0 percent to below $70 a barrel in a further retreat from a near eight-month high. Nickel, zinc and lead prices tumbled more than 6.0 percent, while copper also slid after the manufacturing data signaled demand remains weak.
To read more, double-click on the square brackets below: ---------------------------------------------------------------- MARKET REPORTS: > GLOBAL MARKETS-Firmer US dollar after G8 weighs on stocks [ID:nLF343380] > MONEY MARKETS-Dollar borrowing rates at lifetime lows [ID:nLF414254] > EMERGING MARKETS-Currencies fall on dollar comments [ID:nLF372919] > COMMODITIES-Strong US dollar, economy worries knock oil [ID:nLF422525] MAIN ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > Obama calls for big banks to hold more capital [ID:nN15190553] > US credit card defaults rise to record in May [ID:nN15529842] > New York state factory slump deepens in June [ID:nN15186978] > Foreign buying of US securities drops in April [ID:nN15197019] > Worst of global economic crisis not yet over - IMF chief [ID:nLF328969] > IMF's Lipsky says US dollar reserve status to stay [ID:nN15221464] > New IMF bonds may be traded among central banks [ID:nN15547203] > Eurozone banks face further $283 bln in writedowns - ECB [ID:nLF804645] > Eurozone employment logs record fall in Q1 [ID:nLF436431] > First Russia share sale since crisis raises $390 mln [ID:nLF13882] > Russia to cut fiscal spending in 2010 - Putin [ID:nLF245302] > G8 nations consider exit from credit crisis [ID:nLD429101] ANALYSIS RELATED TO THE GLOBAL ECONOMIC CRISIS > China wants US to assume global duty of care for dollar [ID:nPEK6104] > US inflation reality check ahead ? [ID:nN1285391] > Market survives US debt supply barrage, more ahead [ID:nN12263190] > Junk bonds defy rising interest rates to extend rally [ID:nN10454380] > Commodity markets rally may not augur economic recovery [ID:nLB30677] > Art of the possible tempers Obama financial reforms [ID:nN10646795] > US banks face tought time, in or out of TARP [ID:nN09388941] > Risk assets hitting speed bumps after rally [ID:nL8698035] > Commodity price rises create bubble concerns [ID:nN08326945] FACTBOXES > Obama plan for tightening US financial regulation [ID:nN15211435] > Major US financial regulators face shake up [ID:nN09405931] > Draft agenda for G8 finance ministers meeting June 12-13 [ID:nL41010670] > US, European bank writedowns and credit losses [ID:nLT971364] > US banks that are repaying TARP bailout money [ID:nN09372318] > US banks raise $65 bln after stress tests [ID:nSP432506] > Where has all the US bailout money gone ? [ID:nN0289041] > The Federal Reserve's evolving liquidity toolkit [ID:nN19437787] > US regulators propose regulating OTC derivatives [ID:nN13627181] > Facts and figures from Obama's budget [ID:nN06299995] > US Treasury details toxic asset plan [ID:nLN437165] > Full text ECB statement on rates, asset buying [ID:nECBTEXT] > World government actions to limit bank bad loan damage [ID:nLL193589]
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