v
Asian shares jumped and the euro surged more than 1 percent
on Friday after European leaders agreed that euro zone banks could be recapitalized
without adding to government debt, soothing fears over growing credit strains
in Italy
and Spain.
v
Gold rose more than 1 percent on Friday, tracking a surge in
the euro after European leaders agreed on the recapitalization of banks without
boosting government debt, helping ease fears over the region's debt crisis.
v
Gold traders in India were hesitant to place deals in a
slack demand period even as prices edged lower weighed by a stronger rupee and
weak overseas markets.
v
India's Reserve Bank considering banning banks from selling
gold coins, Partly in a bid to curb rising gold imports, the country's highest
bank is mulling the halting of gold coin sales by banks, saying it believes the
sale of gold coins is not part of a bank's core business.
v
Brent crude rose above $93 per barrel on Friday
after European leaders agreed on steps to tackle the region's intractable
crisis in a move that could lift the global economy and fuel demand, while
supply disruptions also aided.
v
China's main short-term lending rate rose 14 basis points on
Friday as banks hoarded money to prepare for extra bank reserve payments due
early next month while the market awaited a cut in bank reserve requirements.
v
Consumer
spending in the U.S. probably stalled in May as slower job growth
and subdued wage gains prompted Americans to cut back, economists said before a
report today.
v
German government bonds slid at Friday's open, and Spanish
and Italian bond yields were set fall, after European Union leaders agreed a
plan to allow rescue funds to be used to stabilize debt markets and directly
recapitalize banks.
v
U.S. Treasuries dropped in Asia, after euro zone leaders
agreed to take emergency steps aimed at bringing down the borrowing costs of Italy
and Spain, surprising investors who had been expecting no major deal.
v
The Organization of the Petroleum Exporting Countries could
hold an extraordinary meeting in the third quarter of this year if global crude
prices remain low, Venezuela's Energy Minister Rafael Ramirez said on Thursday.
v
A batch of Chinese
economic data due out over the next few weeks will cast new light on the scale
of the ongoing economic slowdown, with analysts expecting weak numbers but some
improvement.
v
India is likely to
face elevated inflation risks from supply bottlenecks and lingering threats to
economic expansion, the Reserve Bank
of India said.
v
Research In Motion Ltd's board is under mounting pressure to
consider unpalatable options such as selling its network business or forming an
alliance with Microsoft Corp after the Blackberry maker again delayed the
release of its next-generation smart phones, said three sources familiar with
the situation.
v
Google Inc's Chrome, the world's top Internet browser, is
now available on the iPhone and iPad, as Apple Inc finally
granted access to its arch-foe's more popular Web-surfing app.
v
Nike Inc missed quarterly profit estimates for the first time
in at least two years as higher spending and increased costs of materials used
in its shoes and T-shirts hurt margins, while demand eased in international
markets.
v
JPMorgan Chase & Co shares fell more than 4 percent on
Thursday after The New York Times reported that losses from a bungled
credit-derivatives trade could be as much as $9 billion, much more than the
bank has estimated
No comments:
Post a Comment