Global stocks surged to a new 2009 high and the U.S. dollar plummeted on
Tuesday to near one-year lows as investors took on more risk.
World stocks, as measured by MSCI gained 1.2 percent, hitting a new 2009 peak; while MSCI's emerging market index rose 1.9 percent to its highest since last Sept. 9, a few days before the collapse of Lehman Brothers bank and a mass market sell-off triggered by fears for the financial system.
But the dollar sank more than 1.0 percent against a basket of other major currencies, indicating greater risk appetite on foreign exchanges as trading volume picked up after the end of summer holidays in the United States.
To read more, double-click on the square brackets below:
MARKET REPORTS: > GLOBAL MARKETS-World stocks hit 2009 peak, US dollar slumps > MONEY MARKETS-Bank rates fall to new lows > EMERGING MARKETS-Latam assets rally, debt issues abound > COMMODITIES-Gold powers through $1,000 as dollar slumps
ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > US consumer credit falls a record $21.6 bln in July > US panel to probe causes of financial crisis > Hedge funds gain in August but lag broader market > European GDP, output data signal recovery fragile > Third German export rise spurs growth hopes > Autos help UK factory output to 18 month high in July > Spain industrial production slumps again in July > Bankers defend bonuses as watchdogs close in > Basel Committee outlines new global banking rules > G20 aims at bank pay and capital; stimulus to remain > Financial Stability Board says banks need to rebuild capital
ANALYSIS RELATED TO GLOBAL ECONOMIC AND MARKET NEWS > Analysts eye clock on tougher capital rules > Fatter capital rules mean leaner times for banks > GLOBAL ECONOMY-Longer term growth still an issue > G20 papers over cracks on bank capital, bankers' pay > Regulation relief in global markets may be premature > US turns up heat on Basel bank reform
FACTBOXES > Basel Committee outline global banking regulation framework > Pathway to Pittsburgh G20 leaders summit Sept 24 > TEXT-G20 statement on strengthening world financial system > TEXT-Final communique issued by G20 finance ministers > TEXT-BRIC finance ministers communique Sept 4 > Likely agenda at G20 finance ministers meeting London Sept4 > ECB statement after rate meeting Thursday Sept 3 > US bank failures in 2009 > US, European bank writedowns, credit losses > US White House budget forecasts > Noose tightening on bankers bonuses around the world > Changes in global financial regulation > Major US financial regulation reform initiatives > US Federal Reserve exit strategy tools > Where has all the US bailout money gone - > EU, Basel to tighten bank capital charges > UK announces banking reform blueprint
(New York Treasury Desk +1-646-223-6300) Keywords: FINANCIAL/MARKETS LOOK
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, as measured by MSCI gained 1.2 percent, hitting a new 2009 peak; while MSCI's emerging market index rose 1.9 percent to its highest since last Sept. 9, a few days before the collapse of Lehman Brothers bank and a mass market sell-off triggered by fears for the financial system.
But the dollar sank more than 1.0 percent against a basket of other major currencies, indicating greater risk appetite on foreign exchanges as trading volume picked up after the end of summer holidays in the United States.
To read more, double-click on the square brackets below:
MARKET REPORTS: > GLOBAL MARKETS-World stocks hit 2009 peak, US dollar slumps > MONEY MARKETS-Bank rates fall to new lows > EMERGING MARKETS-Latam assets rally, debt issues abound > COMMODITIES-Gold powers through $1,000 as dollar slumps
ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > US consumer credit falls a record $21.6 bln in July > US panel to probe causes of financial crisis > Hedge funds gain in August but lag broader market > European GDP, output data signal recovery fragile > Third German export rise spurs growth hopes > Autos help UK factory output to 18 month high in July > Spain industrial production slumps again in July > Bankers defend bonuses as watchdogs close in > Basel Committee outlines new global banking rules > G20 aims at bank pay and capital; stimulus to remain > Financial Stability Board says banks need to rebuild capital
ANALYSIS RELATED TO GLOBAL ECONOMIC AND MARKET NEWS > Analysts eye clock on tougher capital rules > Fatter capital rules mean leaner times for banks > GLOBAL ECONOMY-Longer term growth still an issue > G20 papers over cracks on bank capital, bankers' pay > Regulation relief in global markets may be premature > US turns up heat on Basel bank reform
FACTBOXES > Basel Committee outline global banking regulation framework > Pathway to Pittsburgh G20 leaders summit Sept 24 > TEXT-G20 statement on strengthening world financial system > TEXT-Final communique issued by G20 finance ministers > TEXT-BRIC finance ministers communique Sept 4 > Likely agenda at G20 finance ministers meeting London Sept4 > ECB statement after rate meeting Thursday Sept 3 > US bank failures in 2009 > US, European bank writedowns, credit losses > US White House budget forecasts > Noose tightening on bankers bonuses around the world > Changes in global financial regulation > Major US financial regulation reform initiatives > US Federal Reserve exit strategy tools > Where has all the US bailout money gone - > EU, Basel to tighten bank capital charges > UK announces banking reform blueprint
(New York Treasury Desk +1-646-223-6300) Keywords: FINANCIAL/MARKETS LOOK
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.