Asia set for worst quarter since 2008

Source: traxfer.ft.com

World stock markets rebounded strongly in 2009, but investors are now fretting about the uncertainty of the outlook as governments start to turn off the stimulus that supported the fledgling recovery


Read more...

  • Consumer sentiment firms a bit but misses expectations

    University of Michigan consumer sentiment edged up to 69.0 from 68.7 but it fell short of 69.5 expectations. EUR/USD has dipped to...

  • Brazil says IMF move not intended to weaken the dollar

    Brazilian finance minister Mantega says his countries $10 bln contribution to the IMF is not intended to weaken the dollar. Maybe not, but that has been the effect thus far. The market is concerned that Brazil will dump $10 bln in Treasuries to buy bonds from the IMF. US 10-year notes are at 3.93%,...

  • Ken Lewis being beaten like a drum

    Poor Ken Lewis, CEO of Bank of America, is in the unenviable position of having to defend himself from charges that he was either an idiot for not anticipating Merrill Lynch’s losses prior to late December, shortly before the deal was set to close or he was pressured into the closing the deal...

  • Is USD/JPY’s Rally Over?

    After hitting a low of 81.08 last February 4, the USDJPY pair has rallied back to mark a high of 83.97 2 days after Valentine’s day....

  • Consumer Spending Rises 0.8%, More Than Expected

    The Commerce Department reported today consumer spending rose 0.8%, the largest gain in seven months. This is more than expected with the...