Gold set record highs for a second straight day on Wednesday, while the
U.S. dollar rebounded against major currencies as economic optimism sparked by
Australia's interest-rate hike this week sputtered out.
An element of risk aversion crept back into markets as the dollar rose, crude oil fell and U.S. equity markets edged slightly higher on third-quarter earnings expectations. Government debt edged higher on both sides of the Atlantic.
Oil prices slid under $70 a barrel after U.S. data showed fuel stocks surged last week in the United States, signaling a recovery in oil demand may take more time.
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MARKET REPORTS: > GLOBAL MARKETS-Gold at new highs on inflation fear > MONEY MARKETS-Euro, sterling rates steady, US bills slip > EMERGING MARKETS-Latam assets markets mixed
ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > US total consumer credit falls for 7th month in Aug > US Treasury's Geithner says Americans will have to save more > Fed says US banks slow to take losses on commercial property > US firms, regulators clash on derivatives rules > US mortgage applications at 4-month high, rates fall > Foreign demand lifts German industry orders in Aug > Eurozone Q2 GDP revised down on weak demand, trade > Japan's Fujii says may act if currency move turns abnormal > Australian housing recovery builds rate rise case > Map to US financial reform clearer, up to a point
ANALYSES ON GLOBAL ECONOMIC AND MARKETS > As US dollar fades, gold's currency shine brightens > Structural unemployment crisis stalking US economy > IMF eyes currency reserves as its power expands > Europe raises red flag over rebalancing economies > Irish, Greek votes reduce risks to wider Europe > G7 fights irrelevance in a new world order > GLOBAL ECONOMY WEEKAHEAD-Pitfalls along the path to recovery > Final earnings test for markets for markets before year end > Japan banks to bear brunt of new capital rules in Asia > Sterling seen struggling through year-end
FACTBOXES > TEXT-G7 communique at Istanbul meeting on Oct 3 > SCORECARD: How is G20 doing on summit pledges > TEXT-Final G20 communique on financial regulation > TEXT-Final G20 communique on framework for economic growth > G20 calls for new rules on bankers' pay > FSB progress report on G20 financial rules reform > TEXT-Federal Reserve statement after policy meeting Sept 23 > Potential Fed exit strategy tools > Economic policies of Japan's new ruling party > ECB statement after rate meeting Thursday Sept 3 > US bank failures in 2009 > US, European bank writedowns, credit losses > US White House budget forecasts > Where has all the US bailout money gone -
(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.
An element of risk aversion crept back into markets as the dollar rose, crude oil fell and U.S. equity markets edged slightly higher on third-quarter earnings expectations. Government debt edged higher on both sides of the Atlantic.
Oil prices slid under $70 a barrel after U.S. data showed fuel stocks surged last week in the United States, signaling a recovery in oil demand may take more time.
To read more, double-click on the square brackets below:
MARKET REPORTS: > GLOBAL MARKETS-Gold at new highs on inflation fear > MONEY MARKETS-Euro, sterling rates steady, US bills slip > EMERGING MARKETS-Latam assets markets mixed
ECONOMIC AND FINANCIAL NEWS MOVING GLOBAL MARKETS > US total consumer credit falls for 7th month in Aug > US Treasury's Geithner says Americans will have to save more > Fed says US banks slow to take losses on commercial property > US firms, regulators clash on derivatives rules > US mortgage applications at 4-month high, rates fall > Foreign demand lifts German industry orders in Aug > Eurozone Q2 GDP revised down on weak demand, trade > Japan's Fujii says may act if currency move turns abnormal > Australian housing recovery builds rate rise case > Map to US financial reform clearer, up to a point
ANALYSES ON GLOBAL ECONOMIC AND MARKETS > As US dollar fades, gold's currency shine brightens > Structural unemployment crisis stalking US economy > IMF eyes currency reserves as its power expands > Europe raises red flag over rebalancing economies > Irish, Greek votes reduce risks to wider Europe > G7 fights irrelevance in a new world order > GLOBAL ECONOMY WEEKAHEAD-Pitfalls along the path to recovery > Final earnings test for markets for markets before year end > Japan banks to bear brunt of new capital rules in Asia > Sterling seen struggling through year-end
FACTBOXES > TEXT-G7 communique at Istanbul meeting on Oct 3 > SCORECARD: How is G20 doing on summit pledges > TEXT-Final G20 communique on financial regulation > TEXT-Final G20 communique on framework for economic growth > G20 calls for new rules on bankers' pay > FSB progress report on G20 financial rules reform > TEXT-Federal Reserve statement after policy meeting Sept 23 > Potential Fed exit strategy tools > Economic policies of Japan's new ruling party > ECB statement after rate meeting Thursday Sept 3 > US bank failures in 2009 > US, European bank writedowns, credit losses > US White House budget forecasts > Where has all the US bailout money gone -
(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.