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Feb 11, 2013

Italy’s Grilli: officials committed to market exchange

NEW YORK (Reuters) – Italian Finance Minister Vittorio Grilli said on Monday that there is strong support from the Group of 7 for market-determined currency rates, a comment that comes amid suspicion that some countries are acting to depress their currencies in order to boost their economies.

The G7 leading industrialized nations are considering issuing a statement this week reaffirming their commitment to “market-determined” exchange rates in response to talk of a currency war, two G20 officials said earlier on Monday.

Feb 6, 2013

Analysis: U.S. data, earnings suggest “fiscal cliff” fears overhyped

NEW YORK (Reuters) – Jon Najarian’s no wimp. He’s taken his shots more than once during three decades playing the U.S. stock and options markets and before that as a college football player. So he doesn’t scare easily.

But when Congress seemed hell-bent on running the economy over the much-ballyhooed “fiscal cliff” at the end of last year, Najarian finally got skittish.

Feb 6, 2013

US data, earnings suggest ‘fiscal cliff’ fears overhyped

NEW YORK, Feb 6 (Reuters) – Jon Najarian’s no wimp. He’s
taken his shots more than once during three decades playing the
U.S. stock and options markets and before that as a college
football player. So he doesn’t scare easily.

But when Congress seemed hell-bent on running the economy
over the much-ballyhooed “fiscal cliff” at the end of last year,
Najarian finally got skittish.

Feb 5, 2013

U.S. service sector grows, Europe more optimistic

NEW YORK (Reuters) – The vast U.S. services sector expanded against last month, extending a three-year run of growth, while European business optimism hit an eight-month high, suggesting the euro zone economy was starting to recover.

Rising corporate confidence also helped China’s services sector grow at its quickest pace in four months, providing more evidence of a gradual rebound in the world’s second largest economy.

Feb 1, 2013

U.S. manufacturing surges, Chinese recovery more modest

NEW YORK/LONDON (Reuters) – U.S. manufacturing growth quickened in January and hiring across the economy increased in late 2012, but Chinese factories only managed a slight rebound as the new year began, suggesting that world economic growth remains sluggish.

The euro zone economy, meanwhile, likely contracted again at the end of last year, though surveys on Friday suggested the worst of the region’s downturn may be over.

Jan 24, 2013

China, US manufacturing jumps, Europe nearer recovery

NEW YORK/LONDON (Reuters) – Manufacturing in China and the United States grew this month at the fastest pace in about two years while data suggesting German growth picked up boosted hopes for a swifter euro zone recovery.

The business surveys released on Thursday provided tentative signs that the world economy may be gaining traction after a sluggish 2012. Crucially, there were hopeful signals coming from the United States and China, the world’s top economies.

Jan 24, 2013

China, U.S. manufacturing jumps, Europe inches forward

NEW YORK/LONDON (Reuters) – Manufacturing in China and the United States grew this month at the fastest pace in about two years while data suggesting German growth picked up boosted hopes for a swifter euro zone recovery.

The business surveys released on Thursday provided tentative signs that the world economy may be gaining traction after a sluggish 2012. Crucially, there are hopeful signals coming from the United States and China, the world’s top economies.

Jan 16, 2013

Foreign demand for U.S. assets grows in Nov -Treasury

NEW YORK, Jan 16 (Reuters) – Foreigners recovered an
appetite for U.S. securities in November, boosting purchases of
government debt, corporate bonds and equities after largely
avoiding U.S. assets the prior month.

Overseas investors bought $52.3 billion in long-term U.S.
assets in November, the most in three months. Revisions to
previous data showed they were net sellers to the tune of $1
billion in October.

Jan 15, 2013

Emerging market instability top risk in 2013: Eurasia’s Bremmer

NEW YORK (Reuters) – Political instability in emerging markets, led by China, will be one of the biggest risks for markets in 2013, Ian Bremmer, president of political risk firm Eurasia Group, said on Monday.

“I think that emerging markets in general, the level of political instability, is underpriced for 2013,” Bremmer said at a Thomson Reuters Newsmaker event in New York.

Jan 13, 2013

On debt ceiling, markets hopeful Washington has learned a lesson

NEW YORK (Reuters) – The U.S. government is expected to bump up against its legal borrowing limit by March, and it would be hard to fault investors for feeling edgy.

The last fight over the debt ceiling led to one of the most volatile weeks in stock market history, cost the United States its top credit rating and pushed the government to the brink of default.