Japans Nikkei Dips on BOJs ETF purchase plan

TOKYO, March 19 Reuters Japans benchmark Nikkei index fell while the broader Topix hit a 30year high, as the Bank of Japan BOJ said it would only buy Topixlinked exchange traded funds after a review of its policy framework. The Nikkei share average closed 1.41 lower at 29,792.05, while the broader Topix inched up 0.18 […]
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FINMA says UBS, CS Group Improve Emergency Planning

ZURICH, March 19 Reuters Big Swiss banks UBS and Credit Suisse have strengthened plans for how they would stabilize themselves in a financial crisis, Swiss financial markets watchdog FINMA said on Friday, though it said there is still work to be done. FINMA continues to regard the Swiss emergency plans of the global systemically important […]
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Copper Falls as Dollar Firms on Higher U.S. Yields

HANOI, March 19 Reuters Copper prices fell on Friday as the dollar firmed on the back of rising U.S. Treasury yields, making greenbackpriced metals more expensive for holders of other currencies. Threemonth copper on the London Metal Exchange was down 0.9 to 8,973.50 a tonne by 0542 GMT, while the mosttraded May copper contract on […]
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Australia, NZ dlrs Caught out by Oil Spill, Soft Data

SYDNEY, March 19 Reuters The Australian and New Zealand dollars were on the defensive on Friday after a plunge in oil prices spilled over into other commodities, while domestic economic data turned soft and broke a run of strong releases. A spike in Treasury yields to 14month highs also underpinned the U.S. dollar while slugging […]
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USD Down as Fed keeps Rate Forecasts Unchanged

Rates as of 0500 GMT Market Recap Yesterdays meeting of the Federal Open Market Committee FOMC, the ratesetting body of the US central bank, clarified how the group will react to changes in the economic picture in the context of its new flexible average inflation targeting FAIT framework. This new reaction function requires a much […]
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European Stocks Rise after Fed Decision

European stocks rose on Thursday in the first opportunity to react to the latest Federal Reserve decision, with the big story being the selloff in bonds the central bank did nothing to quell. The Stoxx Europe 600 rose 0.2, with even stronger gains for the Stoxx Europe TMI Value. STVP, 0.81. The yield on the […]
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Sterling Slips as BoE Says Recovery Outlook Still Unclear

LONDON, March 18Reuters Sterling slipped against the dollar and cut some of its earlier gains versus the euro on Thursday as the Bank of England warned the outlook for Britains recovery remained unclear, dampening some speculation the bank would signal a more confident outlook. The BoE kept unchanged its interest rates and its 895 billionpound […]
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