Archive for December 10th, 2008
Euro May Rise to November High Versus Yen, Bank of America Says
By Ye Xie
Dec. 9 (Bloomberg) — The euro may rise to the highest level since November against the yen on speculation investors will resume buying higher-yielding assets funded by low-cost loans in Japan’s currency, according to Bank of America Corp.
Posted: December 10th, 2008 under News.
Tags: Bank of America, Chicago Board Options Exchange Volatility Index, Euro, Reduction of bets, Stockc, The BAnk of Japan, The European Central Bank, Yen
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GLOBAL MARKETS-U.S. stocks down on weak outlooks, oil falls
By Nick Olivari
NEW YORK, Dec 9 (Reuters) - World stocks were mixed overall on Tuesday as investors mulled whether recent gains have staying power given rising corporate layoffs and disappointing profit outlooks.
Posted: December 10th, 2008 under News.
Tags: Dow Jones, Financial System, Global Markets, Markets, Nasdaq Composite Index, Oil, RDM Financial, Shares of FedEx Corp, U.S. dollar, US Stocks, World Stocks, Yen
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Yen Falls as Stock Gains Spur Buying of Higher-Yielding Assets
By Stanley White
Dec. 10 (Bloomberg) — The yen fell against the euro after Asian stocks rose, encouraging investors to increase holdings of higher-yielding assets funded with Japan’s currency.
Posted: December 10th, 2008 under News.
Tags: Asian stocks, Billion Bailout, British Pound, Dollar, Euro, Europe, Higher-Yielding Assets, MSCI Asia-Pacific, Senate Banking Comittee, U.K., White House, Yen
Comments: none