Investors this week risk losing further faith in equities as the benchmark
index nears a 14-year trough, firms around the globe cut dividends and
policymakers struggle to come up with an effective crisis cure.
The week starts with a bi-monthly meeting of developed and emerging nation central bank governors in Basel, Switzerland and ends with a gathering of Group of 20 finance ministers in London, who are likely to scramble to find words of reassurance as deterioration in the global economy accelerates.
World stocks, measured by MSCI lost another 6.4 percent last week, with the index down 21 percent so far this year, falling in 8 out of
10 weeks and hovering close to a 14
year low.
To read more, double-click on the square brackets below:
MARKET REPORTS: > GLOBAL MARKETS WEEK-Faith in equities at risk > EMERGING MARKETS WEEK-Brazil and Chile seen cutting rates > COMMODITIES-Markets rise as dollar falls despite US job data
MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS > Britain may get 77 pct stake in Lloyds Bank in asset deal > BNP, Belgium revise Fortis carve up deal again > US consumer credit rises $1.76 bln in Jan - Fed > Deleverageing still far from over - NY Fed's Dudley > Fed officials find flaws in credit crisis response > Fed's TALF plan aids auto, credit card bonds, CMBS on hold > Wells Fargo cuts dividend 85 pct > US jobless rate hits 25 year high, Feb payrolls fall 651,000 > Brazil output slumps in Jan, joining BRIC slowdown > China sees signs of economy recovering > US House approves mortgage bankruptcy overhaul > Fed lends more to US banks but less to dealers
ANALYSIS RELATED TO CREDIT CRISIS > Crisis fighting shifts to Europe, Asia > Equities outlook shifts as bear market deepens > Private equity writedowns threaten ailing firms > Even stock market bears looking for an end to sell off > Lure of riskier debt may spoil record corporate bond run > China expresses confidence but remain quiet on extra spending > China bankruptcies create cracks in global supply chain > Nikkei in danger zone, weakening yen won't help > Investors fret over GE Capital as GE stock slides > Brazil may ease fiscal discipline > Opportunity knocks for Japan in crisis
FACTBOXES: > Lloyds Bank announces asset protection deal > US faces potential $10.9 trln economic rescue bill > Where has all the US bailout money gone - > US mortgage modification plan eligibility > Federal Reserve statement on launching TALF > Text of Bank of Canada statement on interest rates > Joint US Treasury/Federal Reserve statement on AIG > AIG's progress on asset sales > Text of US Treasury announcement on Citigroup > White House U.S. budget forecasts > Obama lays out domestic economic agenda > Central banks turn to new measures to help economies > Latin American refinancing needs, options > How the financial crisis is affecting Eastern Europe
Keywords: CREDITCRISIS/TAKEALOOK (New York Treasury Desk +1-646-223-6300) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The week starts with a bi-monthly meeting of developed and emerging nation central bank governors in Basel, Switzerland and ends with a gathering of Group of 20 finance ministers in London, who are likely to scramble to find words of reassurance as deterioration in the global economy accelerates.
World stocks, measured by MSCI lost another 6.4 percent last week, with the index down 21 percent so far this year, falling in 8 out of
10 weeks and hovering close to a 14
year low.
To read more, double-click on the square brackets below:
MARKET REPORTS: > GLOBAL MARKETS WEEK-Faith in equities at risk > EMERGING MARKETS WEEK-Brazil and Chile seen cutting rates > COMMODITIES-Markets rise as dollar falls despite US job data
MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS > Britain may get 77 pct stake in Lloyds Bank in asset deal > BNP, Belgium revise Fortis carve up deal again > US consumer credit rises $1.76 bln in Jan - Fed > Deleverageing still far from over - NY Fed's Dudley > Fed officials find flaws in credit crisis response > Fed's TALF plan aids auto, credit card bonds, CMBS on hold > Wells Fargo cuts dividend 85 pct > US jobless rate hits 25 year high, Feb payrolls fall 651,000 > Brazil output slumps in Jan, joining BRIC slowdown > China sees signs of economy recovering > US House approves mortgage bankruptcy overhaul > Fed lends more to US banks but less to dealers
ANALYSIS RELATED TO CREDIT CRISIS > Crisis fighting shifts to Europe, Asia > Equities outlook shifts as bear market deepens > Private equity writedowns threaten ailing firms > Even stock market bears looking for an end to sell off > Lure of riskier debt may spoil record corporate bond run > China expresses confidence but remain quiet on extra spending > China bankruptcies create cracks in global supply chain > Nikkei in danger zone, weakening yen won't help > Investors fret over GE Capital as GE stock slides > Brazil may ease fiscal discipline > Opportunity knocks for Japan in crisis
FACTBOXES: > Lloyds Bank announces asset protection deal > US faces potential $10.9 trln economic rescue bill > Where has all the US bailout money gone - > US mortgage modification plan eligibility > Federal Reserve statement on launching TALF > Text of Bank of Canada statement on interest rates > Joint US Treasury/Federal Reserve statement on AIG > AIG's progress on asset sales > Text of US Treasury announcement on Citigroup > White House U.S. budget forecasts > Obama lays out domestic economic agenda > Central banks turn to new measures to help economies > Latin American refinancing needs, options > How the financial crisis is affecting Eastern Europe
Keywords: CREDITCRISIS/TAKEALOOK (New York Treasury Desk +1-646-223-6300) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.