Canadian currency falls on European worries

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Source: Bloomberg
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Lonnie depreciated on Friday, extending its five consecutive day drop, biggest in 6 weeks on investor speculation that Europe is not doing very well on taming its debt crisis. Canadian dollar lost 0.3% to C$1.0380 on Friday evening trade. Loonie's weekly depreciation reached 2.1%. Currently USD/CAD is trading at C$1.0380.

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Mon, 19 Dec 2011 11:58:37 GMT

Olympus stocks tumble after reporting cash troubles

On Monday Olympus Corp. Japanese producer of medical equipment and cameras experienced a sharp decline in share price after country media inclined cash troubles. Japan's prosecutors are going to search Olympus headquarters this week. Olympus Corp. stocks lost 7.4% on Monday morning session. Olympus also revealed to lenders that its cash reserves may expire by 2015.

Mon, 19 Dec 2011 09:18:08 GMT

Treasuries hit 6-week high

US Treasuries appreciated touching 6-week record high as fading optimist about European officials' ability to solve debt crisis boosted demand for safer assets. Benchmark 10-year borrowing costs hit 2-month low on Friday after Fitch lowered France's credit outlook and placed 6 other nations including Italy and Spain for revisit of downgrade. 10-year yields dropped 10 b.p. or 0.21 p. p. to 1.85%.

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