US Stocks steady after Bernanke balm, Equities struggle for traction after Federal Reserve chairman affirms commitment to monetary stimulus, but jitters remain over political gridlock in Italy
US stocks Wall Street boosted by economic data, Gains on Wall Street stocks were led by housebuilders, while investors shunned defensive equities such as telecoms and consumer staples
Italy's election update, Poll confusion lifts Italy's borrowing costs, Rome raises its target of €6.5bn in a sale of five and 10-year bonds but pays the highest yield on the 10-year note since October
Currency news, Sell currencies of serial QE offenders, Fighting central banks' determination to devalue currencies and reflate economies is dangerous and investors should sell the most serial offenders
Meanwhile, Euro pares gains after Italian debt sale, Yen rises as investors await appointment of Bank of Japan governor, while the pound fell after data showed contraction of the UK economy
No comments:
Post a Comment