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Press Releases

Japan's April factory output up 0.3 pct mth/mth

TOKYO, May 31- Japanese industrial output unexpectedly rose 0.3 percent in April, government data showed on Tuesday, suggesting production was holding up despite weak exports and the hit from a series of earthquakes in southern Japan during the month. The increase compared with a median market forecast for a 1.5 percent drop. Manufacturers surveyed by the...

Source: Reuters

EMERGING MARKETS-Brazil's currency firms after government posts primary surplus

Brazil's currency rose 0.9 percent after weakening more than 2 percent last week. After posting a deficit in March, Brazil's central government reported a primary budget surplus of 9.751 billion reais for April thanks to higher tax revenues and a decline in subsidies. Brazil, mired in a deep recession, lost its coveted investment-grade credit rating in 2015...

Source: Reuters

CANADA STOCKS-TSX dips as oil seesaws, gold hits 3-1/2-month low

TORONTO, May 30- Canada's main stock index edged lower on Monday as oil seesawed and gold fell to a 3-1/ 2- month low, while financials firmed ahead of a potential increase in U.S. interest rates this summer. U.S. crude futures rose 2 cents to $49.35 a barrel in subdued trade as public holidays were observed in Britain and the United States. Oil edged lower earlier in the...

Source: Reuters

Air travel demand slows as airlines confront security, fragile economies

BERLIN, May 30- Air passenger demand in April rose at its slowest rate since January 2015, weighed by the March attacks on Brussels airport and highlighting safety as one of the main challenges facing top airline executives meeting this week. The International Air Transport Association's latest air passenger figures, released on Monday, showed demand rose by...

Source: Reuters

UPDATE 1-Euro zone bond yields up on Yellen rate-hike hint, upbeat data

LONDON, May 30- Euro zone government bond yields rose on Monday after comments from Federal Reserve Chair Janet Yellen boosted the case for a U.S. interest rate rise in June or July and data pointed to a brighter outlook for Europe's economy. The probability of a rate rise at the Fed's June 14-15 meeting rose to 34 percent from 30 percent before Yellen's remarks,...

Source: Reuters

Eurozone economic sentiment improves for second month

The Economic Sentiment Indicator, a monthly survey by the European Union's executive Commission, rose to a four-month high of 104.7 points in May from 104.0 in April. Among the eurozone's biggest countries, France saw the strongest rise in confidence, with Germany enjoying a smaller uptick. That will be encouraging news for the European Central Bank, which has...

Source: The Associated Press

Global stocks rise as UK, US markets remain shut for holiday

BEIJING— Major global stock markets were mostly higher Monday and China's currency weakened after the head U.S. central banker fueled expectations of an interest rate hike this year. On Friday, the DAX and Britain's FTSE 100 both rose 0.1 percent and France's CAC 40 gained a bit less than that. India's Sensex advanced 0.3 percent to 26,724.49, and benchmarks in...

Source: The Associated Press

GLOBAL MARKETS-European shares hit 1-mth high, dollar firms on Yellen's hike hint

*European stocks rise, Germany's DAX hits 1- mth high. LONDON, May 30- European shares hit one-month highs on Monday, while the dollar index rose to a two-month peak after Federal Reserve Chair Janet Yellen suggested that an interest rate hike in the United States may be around the corner. The euro zone's blue-chip Euro STOXX 50 index was 0.1 percent higher, while...

Source: Reuters

Euro zone yields higher as Yellen supports case for summer rate hike

LONDON, May 30- Euro zone government bonds yields rose on Monday after comments from Federal Reserve Chair Janet Yellen boosted the case for a U.S. interest-rate rise in June or July. But the upward pressure on yields was limited by expectations that the European Central Bank will maintain its message of ultra-easy monetary policy for the foreseeable future...

Source: Reuters

China stocks up slightly, investors sidelined by policy, economic uncertainty

SHANGHAI May 30- China stocks rose modestly on Monday morning with many investors keeping to the sidelines as they ponder the monetary policy outlook as the economy fails to show signs of a sustained recovery. The index measuring price differences between dual-listed companies in Shanghai and Hong Kong stood at 132.86. A value above 100 indicates Shanghai...

Source: Reuters