Investors will ponder this week whether the worst of a bear market in world
stocks and other risky assets may be behind them as the resolve of central
banks to ease monetary conditions helped boost equities over the past week.
World stocks, measured by MSCI, rose more than 8 percent last week to post their strongest week since a record surge last November. Optimism that ailing U.S. banks such as Citigroup are on the mend and 'quantitative' monetary easing by major central banks would fix the global economy have boosted investor morale.
After a meeting in southern England, Group of 20 finance chiefs promised money for troubled emerging market economies and renewed their pledge to fight the worst downturn since the 1930s.
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MARKET REPORTS: > GLOBAL MARKETS WEEK-Bear market endgame > WALLST WEEKEAHEAD-Fear still in focus after strong rally
MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS > AIG names counterparties, European banks dominate > OPEC keeps output steady and enforce compliance > G20 backs boost for IMF funds, pledges more reform > US soon to offer details on plan to buy bank assets > US FASB says will discuss mark-to-market rule Monday > US SEC to discuss uptick rule April 8th > Berkshire Hathaway CDS trade like Turkey's > US trade gap narrows, consumers slightly less grim
ANALYSIS RELATED TO CREDIT CRISIS > Ghosts of Depression and hyperinflation > G20 underscores emerging economies growing clout > G20 may buoy market sentiment but fiscal split a worry > Fed needs success in ambitious consumer loan program > Financial expertise wanted for Citigroup board > Japan unlikely to follow Swiss intervention > Whither corporate bonds? Market at a turning point > Hedge funds to suffer further in scramble for cash > Investors fume at US mortgage policy favoring banks
FACTBOXES: > G20 proposals on hedge funds, pay, ratings agencies > G20 policymakers statement > G20 statement on financial system > Text of BRIC countries joint communique > Central banks turn to new measures to help economies > 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 > 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 > 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.
World stocks, measured by MSCI, rose more than 8 percent last week to post their strongest week since a record surge last November. Optimism that ailing U.S. banks such as Citigroup are on the mend and 'quantitative' monetary easing by major central banks would fix the global economy have boosted investor morale.
After a meeting in southern England, Group of 20 finance chiefs promised money for troubled emerging market economies and renewed their pledge to fight the worst downturn since the 1930s.
To read more, double-click on the square brackets below:
MARKET REPORTS: > GLOBAL MARKETS WEEK-Bear market endgame > WALLST WEEKEAHEAD-Fear still in focus after strong rally
MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS > AIG names counterparties, European banks dominate > OPEC keeps output steady and enforce compliance > G20 backs boost for IMF funds, pledges more reform > US soon to offer details on plan to buy bank assets > US FASB says will discuss mark-to-market rule Monday > US SEC to discuss uptick rule April 8th > Berkshire Hathaway CDS trade like Turkey's > US trade gap narrows, consumers slightly less grim
ANALYSIS RELATED TO CREDIT CRISIS > Ghosts of Depression and hyperinflation > G20 underscores emerging economies growing clout > G20 may buoy market sentiment but fiscal split a worry > Fed needs success in ambitious consumer loan program > Financial expertise wanted for Citigroup board > Japan unlikely to follow Swiss intervention > Whither corporate bonds? Market at a turning point > Hedge funds to suffer further in scramble for cash > Investors fume at US mortgage policy favoring banks
FACTBOXES: > G20 proposals on hedge funds, pay, ratings agencies > G20 policymakers statement > G20 statement on financial system > Text of BRIC countries joint communique > Central banks turn to new measures to help economies > 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 > 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 > 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.