News from other websites on Monetary
Gold prices firm as Fed officials play down stimulus halt
May 22, 2013 at 10:22 | Source: Financial Express
Gold prices edged higher on Wednesday, buoyed by a weaker dollar after Federal Reserve officials dampened expectations that the US central bank may soon exit its bullion-friendly bond purchases. FUNDAMENTALS * Spot gold rose 0.3 percent to $1,379.56...
Bank of Japan ups economic outlook
May 22, 2013 at 10:22 | Source: Market Watch
LOS ANGELES (MarketWatch) — The Bank of Japan raised its economic assessment at the end of its two-day meeting on Wednesday, while holding its policy unchanged. “Japan’s economy has started picking up. Exports have stopped decreasing as overse...
Dollar pulls back as Bernanke prepares to talk QE
May 22, 2013 at 10:22 | Source: Market Watch
LOS ANGELES (MarketWatch) — The U.S. dollar slipped Wednesday, trading down against major rivals as investors waited to hear Federal Reserve Chairman Ben Bernanke’s view of the U.S. economy and what that may mean for the Fed’s current easing p...
Bernanke out by August, QE ends, rates up: Crash
May 22, 2013 at 10:22 | Source: Market Watch
SAN LUIS OBISPO, Calif. (MarketWatch) — The “Dr. Boom” scenario: America is about to “unleash a spending spree. Years of self-denial give way to pent-up demand,” predicts UBS economist Maury Harris in USA Today’s bold lead story. His clu...
Pre-market: Nifty seen opening higher; may test 6150 levels
May 22, 2013 at 08:06 | Source: Economic Times
NEW DELHI: The 50-share Nifty index is expected to open higher on Wednesday tracking positive Asian markets. Tracking the momentum the index might test its crucial psychological level of 6150 in trade today. At 07:30 a.m., Nifty India stock futures ...
Tokyo stocks lead Asia ahead of Bank of Japan meet
May 22, 2013 at 07:47 | Source: Market Watch
HONG KONG (MarketWatch) — Japanese stocks rallied toward fresh multiyear highs to lead broad gains for Asian markets Wednesday, as indications that the Federal Reserve Bank wasn’t close to slowing its asset purchases lifted investor sentiment. T...
Dollar up ahead of Bernanke testimony
May 22, 2013 at 06:52 | Source: Market Watch
NEW YORK (MarketWatch) — The U.S. dollar gained ground versus most major rivals Tuesday as investors awaited testimony from Federal Reserve Chairman Ben Bernanke on Wednesday. Minutes from the Federal Open Market Committee’s recent meeting are a...
Sebi has completely changed the way trading takes place in India: UK Sinha
May 22, 2013 at 06:21 | Source: Economic Times
At the end of the week, the Securities and Exchange Board of India will be celebrating its silver jubilee with the Prime Minister and finance minister among others in attendance. On the eve of the event, ET spoke to Sebi Chairman, U K Sinha on how t...
Dollar Lower After Two-Day Drop Versus Euro Before Bernanke
May 22, 2013 at 06:00 | Source: Bloomberg
The dollar remained lower after a two-day drop against the euro before Federal Reserve Chairman Ben S. Bernanke addresses Congress amid concern he will disappoint expectations for a paring back of monetary stimulus. The greenback was 0.9 percent ...
U.S. tax official at center of scandal won't testify - lawyer
May 22, 2013 at 04:30 | Source: FirstPost
WASHINGTON (Reuters) - Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressio...
Europe faces 'decade of stagnation' if no reforms: Mark Carney, Governor, Bank of Canada
May 22, 2013 at 04:01 | Source: Economic Times
MONTREAL: Europe faces a "decade of stagnation" if it does not move on momentous reforms to put its fiscal house back in order, Bank of Canada Governor Mark Carney warned Tuesday. "Europe remains in recession, with economic activity constrained by fi...
HSBC says rupee better suited to stand USD strength
May 22, 2013 at 03:45 | Source: FirstPost
Reuters Market Eye - HSBC picks INR as one of two Asian currencies along with the yuan that can hold their own in a climate of sticky JPY weakness, a more moderate pace of Chinese expansion, and increasing debate over Fed's quantitative easing.INR is...
World shares end higher as eyes turn to Fed
May 22, 2013 at 03:15 | Source: FirstPost
NEW YORK (Reuters) - Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains.The Dow Jones industrial average and S&P 500 ended at all-time highs, while the ...
Fed officials dampen talk of imminent bond buying cutback
May 22, 2013 at 03:00 | Source: FirstPost
NEW YORK/FRANKFURT (Reuters) - Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation the Fed's ultra-easy...
Dow, S&P end at records on Fed officials' reassurance
May 22, 2013 at 02:30 | Source: FirstPost
NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials' comments eased some concerns that the central bank could start reducing its stimulus program.Dow component ...
World shares higher; S&P 500 at fresh all-time high
May 22, 2013 at 01:30 | Source: FirstPost
NEW YORK (Reuters) - Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains.The Dow and S&P 500 were at all-time highs while the dollar rose and gold f...
Sensex hits one-week low; doubts creep in after rally
May 22, 2013 at 00:15 | Source: FirstPost
MUMBAI (Reuters) - The BSE Sensex tumbled for a second consecutive session on Tuesday hitting its lowest close in a week as recent outperforming blue-chips such as ITC fell on doubts about whether foreign investors will continue their strong buying s...
Gold charts point to fresh trouble ahead with eyes on $1,100/oz
May 22, 2013 at 00:15 | Source: FirstPost
LONDON (Reuters) - Gold's recent slump could have much further to run, with a breach of its April low at $1,322 potentially setting up bigger losses towards levels not seen since mid-2010, chart analysts say.Since posting its biggest two-day loss in ...
Treasurys swing to gains on Fed speeches
May 21, 2013 at 23:52 | Source: Market Watch
NEW YORK (MarketWatch) — Treasurys gained Tuesday as two Federal Reserve officials indicated in public comments that they are committed to maintaining the monetary-policy status quo in the near term. Click to Play Apple and Google dominate global ...
Rupee falls to near six-month low on stock losses, importer demand
May 21, 2013 at 23:15 | Source: FirstPost
MUMBAI (Reuters) - The rupee dropped to its lowest in nearly six months on Tuesday, dragged by late falls in local shares and import-related demand from a large private company.The rupee has fallen 2.9 percent so far this month against the dollar, de...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
