Can German shoppers save the euro zone? German consumers are now more optimistic since the GfK research group started compiling its forward-looking consumer confidence index in the 1990s.
| By: Catherine Boyle
GLOBAL MARKETS-Dollar has quick pitstop, then motors to new highs LONDON, May 27- Financial market trading revolved around the U.S. dollar on Wednesday with European shares rallying on the back of a weak euro and U.S. shares and commodities struggling. At midsession in Europe, the dollar was up 0.5 percent against the yen at 123.68 yen, its highest since June 2007. The fact that bets against the yen have been so much less crowded than...
| By: Jamie McGeever
Battling the strong dollar conundrum Borris Schlossberg, BK Asset Management, and Larry Bossidy, former Honeywell CEO, discusses the strong dollar and whether a rate hike really matters.
Chinese stocks in your 401(k) The Shanghai is clearly in bubble territory, says Patrick Chovanec, Silvercrest Asset Management, sharing his thoughts on Chinese stocks when considering asset allocation.
Sterling slips from 2-1/2 mth high vs euro, eyes on Queen's Speech LONDON, May 27- Sterling eased from a recent 2-1/ 2 month high against the euro on Wednesday, with investors awaiting the Queen's Speech which will outline the government plans for a referendum on European Union membership. Analysts have been flagging concerns about a possible "Brexit", and many say the risks to a UK economy that relies on inflows of investment and...
| By: Anirban Nag
Shanghai Comp, Nikkei outperform lackluster Asia Shanghai and Japan markets eked out marginal gains to touch fresh multi-year highs on Wednesday, while other bourses in the region stumbled following an unimpressive lead from Wall Street.
| By: See Kit Tang
Citi keeps top spot in FX trading as European banks slump -poll LONDON, May 27- European banks Deutsche Bank, Barclays and UBS have seen their market share in foreign exchange trading slump in the past year, as U.S. banks led by Citigroup grabbed business, according to widely watched industry rankings. Citigroup kept its top spot as the leading foreign exchange trading bank with a market share of 16.1 percent, up from 16 percent...
China's investment scheme that could unleash billions China will soon launch a new pilot scheme in six cities allowing individuals to invest directly overseas, the official Securities Times reported on Tuesday, potentially unleashing billions of dollars in Chinese savings on global stock and bond markets.