News Headline Summary
US EQUITY WRAP
US equities finished off their worst levels after paring losses seen earlier in the session, weighed on by negative sentiment from Asia following the latest IMF & OECD growth forecasts. The IMF cut its forecast for China’s growth forecast to 7.75% from 8%. Elsewhere, OECD cut its 2013 World GDP growth forecast to 3.1% from 3.4%. Price action lacked direction with a lack of Tier-1 data. Finally, the DJIA finished down 0.69% at 15302.80, the S&P 500 finished down 0.70% at 1648.36 and the NASDAQ 100 finished down 0.57% at 2994.82.
20:12, 29 May 2013 -
13:08, 30 May 2013
South Africa's ZAR continues to come under pressure against the greenback as USD/ZAR prints fresh year highs at 10.0920...
11:49, 30 May 2013
Given the recent JPY weakness following reports that Japan Public Pension Fund is considering a change to its portfolio strategy, it is worth remembering that back in February, managers of the fund said that they will begin talks on revising its strategy
08:36, 30 May 2013
**DAILY INSIGHTS OF INVESTMENT BANK AND BROKER RESEARCH NOW AVAILABLE IN ANALYST CHAT**
12:28, 29 May 2013
With the USD index down 0.90%, some analysts are attributing the move down to a touted speculation of a HF account closing out of long USD positions...
11:52, 29 May 2013
The utilities sector in the FTSE-100 remains the laggard, with National Grid (NG/ LN) the marked underperformer, down 4.9% last...
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2130 London time
Teams of analysts covering equities, fixed income, FX and energy markets
Real-time scrolling news service
Daily and weekly pre-market research and calendars
Intra-day market update videos
Daily technical analysis