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Rates mixed at weekly US Treasury bill auction with rates on 6-month bills rising

The Canadian PressMay 21, 2013 02:48
WASHINGTON - Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills unchanged while rates on six-month bills rose to the highest level in five weeks. The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.045 per cent. That's unchanged from last week. Another $25 billion in six-month bills was auctioned at a discount rate of 0.085 per cent, up from 0.080 per cent last week. The six-month rate was the highest since these bills averaged 0.090 per cent on April 15.

Instant View - "Bogus" AP tweet about White House sparks markets volatility

April 23, 2013 14:15
NEW YORK (Reuters) - Markets for stocks, bonds, oil and commodities were briefly roiled on Tuesday after a bogus report of explosions at the White House. Shortly after 1 p.m. (6:00 p.m. British time), U.S. government debt prices surged briefly and stocks fell sharply after a false tweet from the Associated Press said there had been two explosions at the White House and that President Barack Obama had been injured.

Textile sector invests Rs41b due to 3pc cut in policy rate

April 11, 2013 09:53
The textile industry on Wednesday called for regionally competitive interest rates, urging the State Bank of Pakistan, which is announcing its key policy rate on Friday, to bring discount rate down to 8 per cent to counter weak growth and revive fresh, private investment in the economy to create jobs. The manufacturers argued that only textile sector has borrowed more than Rs41 billion from banking sector to make investment, acquiring latest machinery for the growth of industry during last six months due to hefty cut of 3 per cent in policy rate from 13.5 per cent to 9.5 per cent in

N.Korean threats cast cloud over financial market

April 11, 2013 08:01
South Korean financial markets' volatility surged in April from a month earlier, data showed Tuesday, apparently shaken by heightened geopolitical risks stemming from North Korea's near-daily threats. The Korea Composite Stock Price Index (KOSPI) 200 Volatility Index, a gauge of the local stock market's volatility, came in at 18.29 on Monday, rising sharply from 14.34 tallied in end-March, the Korea Exchange (KRX) data showed. The number also surged to 19.32 during Friday's trading session, marking the highest rate since 19 tallied on October 26, 2012. The figure represen

Wall St 'fear' index drops to six-year low

March 11, 2013 14:46
By Ryan Vlastelica NEW YORK, March 11 (Reuters) - The VIX, Wall Street's favorite measure of investor anxiety, fell on Monday to levels not seen since April 2007, extending a decline that suggests markets will stay calm. The CBOE Volatility Index dropped 7.2 percent to 11.69, reaching a level not seen since April 2007 as U.S. stocks have extended gains, putting the broader S&P 500 less than 1 percent from an all-time closing record high.

S.Africa focused on growth over spending cuts - Gordhan

March 11, 2013 10:16
JOHANNESBURG, March 11 (Reuters) - South Africa is more focused on lifting economic growth and reducing inequality than cutting spending to appease investors, Finance Minister Pravin Gordhan said on Monday. Gordhan also told an investment conference the government was concerned about volatility in the rand, which has hit four-year lows against the dollar on worries about the impact of strikes in the key mining sector.

Britain's FTSE rebounds, led by miners

February 22, 2013 08:30
* FTSE 100 up 0.98 percent * Thursday's steep fall seen offering buying opportunity * Implied volatility eases from 2-week highs By Toni Vorobyova LONDON, Feb 22 (Reuters) - Britain's blue chip shares rebounded on Friday, with investors using the previous session's sharp sell-off to dip their toes back into the market at cheaper levels and technical charts offering some support.

Mining stocks lead European equity recovery

February 22, 2013 05:15
* FTSEurofirst up 0.7 pct, Euro STOXX 50 up 0.9 pct * Equities recover after sharp fall on Thursday * Fears over Italy, central bank help seen short-lived * Mining stocks lead broad-based equity rally By Sudip Kar-Gupta LONDON, Feb 22 (Reuters) - European shares rebounded on Friday, with traders scooping up stocks such as miners on the back of earlier falls, on expectation that worries over Italy and an end to central bank stimulus would be short-lived.

Britain's FTSE knocked by Fed stimulus concern

February 21, 2013 04:30
LONDON, Feb 21 (Reuters) - Britain's top share index fell on Thursday on fears the U.S. Federal Reserve could prematurely wind down its asset purchase programme, a strong contributor to the recent equity market rally. The FTSE 100 was down 35.06 points, or 0.6 percent, at 6,360.31 by 0806 GMT, having hit a new five-year closing peak of 6,395.37 on Wednesday, led lower by mining stocks and banks.

Tokyo stocks close 1.04% lower

February 13, 2013 06:32
Tokyo stocks closed down 1.04 percent on Wednesday, dragged down by profit-taking and a stronger yen following a G7 statement that warned over volatility in global forex markets. The benchmark Nikkei 225 index lost 117.71 points to 11,251.41, while the Topix index of all first-section shares was down 1.19 percent, or 11.48 points, at 957.02. si/pb/pj
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