Updated Thursday, April 17, 2014 as of 5:37 AM ET
Dollar Snaps Longest Losing Streak Versus Euro Since 2007 on Fed
(Bloomberg) -- The dollar snapped six weeks of declines against the euro, the longest losing streak in more than six years, as the Federal Reserve signaled itís moving toward raising interest rates.
The Bloomberg Dollar Spot Index rose for the first week this month after the Fed shifted to more qualitative guidance and policy makers increased forecasts for borrowing-cost levels. The ruble fell for a fifth week as the U.S. and European Union imposed sanctions on Russia in the standoff over Ukraineís Crimea region. The U.S. economy grew faster in the fourth quarter than previously estimated, data next week may show.   more »
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The dollar gained versus all its major counterparts after Federal Reserve policy makers indicated they’ll probably raise interest rates by the middle of next year with the U.S. economy showing signs of strengthening more »
Bonds from Puerto Rico's record $3.5 billion general-obligation sale accounted for one-third of the trading volume of the entire $3.7 trillion municipal market on the day of their issue. more »
Emerging-market stocks headed for the steepest weekly drop since June while currencies weakened amid growing concerns that China's economic slowdown and Russia's standoff with the West will spur capital outflows. more »
Bullion advanced 14% this year, rebounding from the biggest annual drop since 1981, as concern economic growth in the U.S. and China is slowing and the crisis in Ukraine spurred demand for a haven. more »
Puerto Rico came to market with $3.5 billion of general obligation debt Tuesday, tapping the municipal bond market with GOs for the first time in two years. more »
Credit Suisse Group, which runs Asia's third-largest private bank, will step up lending to first-generation business owners as it seeks to build relationships with potential wealth-management clients. more »
Emerging-market stocks rebounded and Russia's Micex Index rallied the most since May 2010 as President Vladimir Putin signaled a de-escalation of the crisis with Ukraine. The ruble climbed from a record low. more »
The iShares MSCI Emerging Markets Index fell for a second day as the International Monetary Fund said risks of turmoil in developing nations threaten the global economy. more »
While traditional active management is likely to continue to be "the core" of asset management, passive and alternative strategies are on track for faster growth, according to PwC's new report. more »
Standard & Poor's 500 Index companies are exceeding analyst sales forecasts by the most since 2012, a sign rising consumer demand is fueling economic growth as the bull market approaches its sixth year. more »
Janet Yellen, taking charge as Federal Reserve chairman, let lawmakers know she's united with her policy committee and sees few risks that could derail a plan to steadily reduce the Fed's bond purchases. more »
The Fed's tapering policy will likely result in a moderate rise in interest rates accompanied by modest equity returns, according to one investment strategist. more »
Treasuries fell, pushing 10-year note yields higher for a third day, as a report showed initial claims for unemployment benefits fell last week, reducing haven demand. more »
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