Global Markets News
LONDON - Euro zone government bond yields plumbed record lows on Wednesday and the euro fell to its weakest in a year against the dollar on expectations the European Central Bank will act soon to counter low growth and slowing inflation.
LONDON - The euro edged off its lowest point in almost a year on Wednesday as Germany's finance minister played down speculation over more European Central Bank monetary policy easing in the coming months.
NEW YORK - U.S. stocks edged higher on Tuesday to lift the S&P 500 just a hair above the 2,000 mark, its first close above that milestone, after data that pointed to a brighter future for the economy. | Video
LONDON - UBS Wealth Management has added to its overweight position in North American equities and cut back on European stocks, encouraged by recent U.S. earnings and growth data, the world's largest wealth manager said on Tuesday.
SYDNEY - Australia's embryonic high-yield bond business is growing fast thanks to burgeoning demand from yield-starved wealthy individuals - a trend that may be loosening up the nation's conservative debt market.
- Municipal bonds will no longer be part of the easily sellable assets that banks can use to show they are able to survive a credit crunch, Bloomberg reported, citing a person familiar with the matter.
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Aby Jose Koilparambil in Bangalore)
PARIS, Aug 27 - European shares were steady in early trade on Wednesday, pausing after their brisk 2-1/2 week rally, with data showing German consumer morale falling for the first time in more than 1-1/2 years denting investors' appetite for stocks.
* FTSEurofirst 300 up 0.05 pct, Euro STOXX 50 down 0.2 pct
TOKYO, Dec 19 - Japan's Nikkei share average is set to test eight-month highs above 10,000 on Wednesday as investor appetite is boosted by signs of progress in the U.S. fiscal talks and expectations of aggressive monetary easing under the new Japanese government. Market players said the Nikkei was likely to trade between 9,950 to 10,100 on Wednesday, after Nikkei futures in Chicago closed at 10,030, up 90 points from the close in Osaka of 9,940. If the Nikkei tops the 10,000
HONG KONG, Aug 27 - Hong Kong shares finished lower on Wednesday, hit by afternoon session losses as investors took profit on recent outperformers and sold shares in companies with weak earnings.