News

30
Jan

Euro-Area Prices Extend Slide as ECB Fights Deflation

Mario Draghi’s deflation challenge was underlined on Friday with prices plunging at a pace last seen in the depths of the recession in 2009. The annual inflation rate fell to minus 0.6 percent, matching the biggest decline in prices in the history of the single currency, according to data...

12
Jan

Dollar Falls After U.S. Wages Unexpectedly Decline; Loonie Drops

The dollar declined against most major counterparts after an unexpected drop in U.S. wages added to speculation the Federal Reserve won’t be in any hurry to raise interest rates. A gauge of the U.S. dollar slid from the highest in a decade as hourly earnings for all employees dropped by 0.2 percent in December, the biggest...

04
Jan

Dollar Beats All as Euro Touches 4 1/2-Year Low; Franc at Parity

The dollar continued its world-beating ways on speculation the Federal Reserve will raise interest rates this year while other central banks extend stimulus measures. The U.S. currency climbed versus all of its 16 major peers in 2014 and extended those gains today as two manufacturing gauge signaled expansion. The euro slumped to a...

02
Jan

U.K. Factories in ‘Ongoing Slowdown’ as Export Demand Stagnates

U.K. manufacturing unexpectedly slowed to a three-month low in December as weak growth in overseas markets such as the euro area undermined demand. Markit Economics said its Purchasing Managers’ Index fell to 52.5 from a revised 53.3 in November. A reading above 50 indicates expansion. Economists forecast the gauge would rise to...

02
Jan

Commodities Cap Record Losing Run on Crude Oil to Dollar

Commodities capped the biggest annual loss since the global financial crisis in 2008, retreating for a record fourth year, as a global glut spurred a rout in oil prices and a stronger dollar cut the allure of raw materials. The Bloomberg Commodity Index (BCOM), which tracks 22 products from crude to copper,...