|Weekly Review of Headlines|
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, were higher at 1.8809 percent, while the yield on the 30-year Treasury bond was also higher at 2.6997 percent. U.S. 10-year yields also hit their highest level since March 29…Read More
Japan’s government kept its assessment of the economy unchanged this month but said it was still analyzing the impact of earthquakes over the weekend that damaged homes and halted production in the southern manufacturing hub of Kumamoto…Read More
IMF Managing Director Christine Lagarde said that calmer markets since February had reduced the stress level at the IMF and World Bank spring meetings here, but the outlook was still fraught with downside risks from weak demand, a potential UK exit from the European Union and low oil and commodity prices.
The Chancellor says Treasury analysis has found that UK tax receipts would be £36bn-a-year lower after 15 years if Britain votes to leave the EU.
The government must first put every effort into disaster relief in the earthquake-hit Kyushu region and then decide whether to lift the current 8% rate to 10% in April 2017 as planned, said Tomomi Inada, who chairs the LDP’s Policy Research Council.
Russian shares raced to record highs on Thursday, led by commodity prices and investors’ new-found enthusiasm for emerging markets, while the broader emerging equity index rose to the highest in 5-1/2 months.
“A central bank alone cannot solve the growth crisis, it cannot compensate for the lack of an offensive investment policy,” Gabriel told a news conference to present updated German growth forecasts.
China’s economy grew 1.1% q/q in the first quarter from the fourth quarter on a seasonally adjusted basis, the National Bureau of Statistics reported on Saturday, the weakest increase since the data series started in 2011.
Greece’s international creditors, representing eurozone governments and the International Monetary Fund, have been at odds for months about Greece’s budget and the scope of the overhauls it needs, with the IMF pushing for further austerity measures it says are necessary for Athens to meet its budget targets.
With brexit continuing to grab headlines and with no major economic releases scheduled during the course of the day, traders are unlikely to take any positional bets on the pair. This might eventually lead to range-bound movement between 1.4400-1.4300, 100-pip band.
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