Financial markets
The US dollar plummeted to a postwar low against the Japanese yen, only to be rescued by the Federal Reserve's intervention, which managed to stem the decline but not entirely reverse it. The dollar's weakness had far-reaching consequences, with US government bonds experiencing their second consecutive
Financial markets
Investors on both sides of the border watched in awe as US inflation concerns sent shockwaves through the global financial markets, causing a widespread sell-off in stocks. The US bond market took a hit, losing a whopping 1.74 points, which set the stage for the subsequent decline in stocks.
Financial markets
The Australian dollar witnessed a significant surge in value against the yen after breaking through a key resistance level, regaining 0.5 US cents in the process. This upward momentum is attributed to European and Asian investor interest in the local long bond market. The Australian dollar's strength
Financial markets
The first quarter of 1994 was marked by poor performance for most mutual fund groups, with sector funds being the only standout with a short-term growth of 4.73 per cent. Canadian bond funds, balanced funds, and mortgage funds were the hardest hit, with average losses of 5.06 per
Financial markets
Rising interest rates and sharp price fluctuations have created the most volatile bond markets in at least a decade, prompting investment dealers to reconsider their capital reserves for bond trading. The Investment Dealers Association has warned its members that they might have to increase the amount of capital on hand
Financial markets
Capital-stable funds, which had made a killing in the bond market during the past three years, are likely to report a negative quarterly return for the first time in nearly two years. The heavy sell-off in the bond market and a slump in the sharemarket mean many funds will report
Financial markets
As the Clinton Administration weighs revoking China's preferential trade status and imposing trade sanctions on Japan, a new consideration is entering the equation: the potential impact on already volatile global stock and bond markets. The administration must navigate the complex interplay between financial markets and foreign policy decisions,
Financial markets
The stock market staged a significant comeback yesterday, with the Dow Jones industrial average rising 2.3 percent to 3,675.41, its largest one-day gain in over two years. The rally followed a series of economic indicators suggesting a more moderate pace of growth, and concerns about inflation and
Financial markets
The Federal Reserve's decision to raise short-term interest rates in the first quarter of 1994, after a three-year period of low interest rates, had a significant impact on the stock market. As former Fed Chairman William McChesney Martin once said, the central bank inevitably has to "take
Financial markets
In a surprise move, Alan Greenspan, chairman of the Federal Reserve, raised short-term interest rates for the second time in two months, sparking market jitters and questioning the central bank's prestige. The decision to raise the federal funds rate by another quarter point, to 3.5 per cent,
Financial markets
The German central bank continued its trend of reducing interest rates, allowing another drop in the securities repurchase rate to 5.80 per cent from 5.88 per cent last week. This decision triggered a rally in the country's financial markets, with the 30-share DAX index opening 20.
Financial markets
Silver prices reached a four-year high of $5.596 an ounce, while other precious metals also experienced gains, as traders bet against the Federal Reserve's efforts to control inflation. The Fed's second credit-tightening move in two months, aiming to slightly increase short-term interest rates, was met
