Archive - June, 2013

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A top US central banker on Monday warned the “feral hogs” of financial markets against overreacting to the Federal Reserve’s plans to slow its bond buying, as yields on US Treasuries climbed to their highest level since August 2011 - FT Deutsche Bank cuts commodity forecasts: Gold by 7% for 2013 and cuts 2014 price by 11% Ex-Italian PM Silvio Berlusconi was sentenced to 7 years in jail and banned from holding office on Monday after being found guilty of having s…

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The FOMC met on Tuesday and Wednesday with the head of the Federal Reserve Ben Bernanke announcing as expected to leave rates unchanged at 0.25% and current policy unchanged. Trading throughout the European session on Wednesday had been subdued as traders awaited Bernanke’s speech and Q&A session to see when tapering of the current quantitative easing programme would occur. Speculation, as to when “tapering” would occur, has been the topic for analysts and market commen…

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Asian stocks climbed, after the regional benchmark index yesterday erased this year’s gain, as U.S. economic data beat estimates and on concern eased that the Federal Reserve will reduce record stimulus - Bloomberg Goldman Sachs strategist’s call for Chinese growth at 6% - WSJ China, the world’s largest iron ore buyer, scrapped a licensing system for imports of the steelmaking raw material, according to two industry executives - Bloomberg WSJ’s Hilse…

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UK RICS house price gauge is at a 3-Year high, fuelled by sustained low borrowing costs and the government incentives to help boost the property market. However concerns are growing that the belief of historically low interest rates becoming the “new normal,” could lead to a blood bath as mortgage payments increase when rates do eventually rise. SNB's Danthine: Exchange Rate Floor Necessary to Advance SNB Mandate - WSJ S&P upgraded the US rating outlook to sta…

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