Treasuries up, dollar down on U.S. job statistics

Source: Marketwatch
U.S. Labor Department announced an increase in the number of first-time unemployment claims to 383,000 in the recent week. Following the news, Treasuries prices advanced and the dollar weakened. Thus, yields on 10-year notes dropped 2 bp to 1.61%. The dollar index, which weighs the U.S. dollar against a basket of its six major rivals, lost 0.17 percent, falling from 83.053 to 82.89. Consequently, the euro rose to USD1.2411.

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Thu, 31 May 2012 19:15:15 GMT

Gonzalez-Paramo at ECB discusses Spain's possibilities for bank recapitalization

Jose Manuel Gonzalez-Paramo, Executive Board member at the ECB, on his last day at the bank announced that there is a possibility for Spain to recapitalize its banks by utilizing funds from the Fund for Orderly Bank Restructuring. He correspondingly added that during the upcoming month further data regarding the assessment of the banking-sector requirements will be developed. Gonzalez-Paramo also highlighted that whilst seeing eye-to-eye

Thu, 31 May 2012 19:13:20 GMT

China's hunger for energy reaches America

China's growing hunger for oil as well as additional energy sources is expanding to America both North as well as South. In order to satisfy its appetite China has been spending vast billions of dollars in energy assets acquisitions. In contrast to the weakening demand for oil in the U.S., China's basic need for oil is growing at a rapid pace and is projected

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