Market Rumours

2010/11/04 17:51=DJ DATA SNAP: Euro-Zone Private Sector Growth Slows In October -Survey

2010/11/04 17:46*DJ Sterling Trades Above $1.62, First Time Since January - EBS

2010/11/04 17:37*DJ Ireland Sovereign CDS Hit Fresh Record Wide Of 570 Bps-Markit

2010/11/04 17:35*DJ Sinochem Seeks To Price Dollar Bonds Thursday In NY - Source

2010/11/04 17:34*DJ Sinochem Aims To Sell Maximum $2 Bln Total For 10-Yr, 30-Yr Bonds-Source

2010/11/04 17:32*DJ Sinochem Aims To Sell $1.25-$1.5B Of 10-Yr, $500-$750M 30-Yr Bonds-Source

2010/11/04 17:32*DJ Sinochem Aims To Sell $1.25-$1.5B Of 10-Yr, $500-$750M 30-Yr Bonds-Source

2010/11/04 17:30*DJ Sinochem Seeks To Pay Treasurys +228-232 Bps For 30-Yr Bond-Source

2010/11/04 17:29*DJ Sinochem Seeks To Pay Treasurys +208-212 Bps For 10-Yr Bond-Source

2010/11/04 17:05*DJ U.S. Dollar Quoted At S$1.2831, All Time Low

2010/11/04 16:59*DJ Euro-Zone Sep Services PMI Was 54.1

2010/11/04 16:59*DJ Euro-Zone Oct Services PMI 53.3 - Sources

2010/11/04 16:59*DJ Euro-Zone Oct Services PMI Forecast At 53.2

2010/11/04 16:58*DJ 10Y Irish/German Yield Spread Widens To 512Bps Record Wide

2010/11/04 16:55*DJ German Sep Services PMI Was 54.9

2010/11/04 16:54*DJ German Oct Services PMI 56.0 - Sources

2010/11/04 16:54*DJ German Oct Services PMI Forcast At 56.6

2010/11/04 16:49*DJ French Oct Services PMI Forecast At 55.3

2010/11/04 16:49*DJ French Sep Services PMI Was 58.2

2010/11/04 16:48*DJ French Oct Services PMI 54.8 - Sources

2010/11/04 16:47*DJ APEC Fin Min Draft Statement: Advanced "Surplus Economies" Should Tackle Structural Reform, Incr

2010/11/04 16:44*DJ APEC Draft: Uncertainty Still Remains In Global Economy

2010/11/04 16:44*DJ Italian Oct Services PMI Forecast At 51.0

2010/11/04 16:44*DJ Italian Sep Services PMI Was 51.3

2010/11/04 16:43*DJ Italian Oct Services PMI 51.0 - Sources

2010/11/04 16:41*DJ BOK May Have Bought Around $500M To Curb Won Gains Thu-Trader

2010/11/04 16:37*DJ Toyota To Recall 135,000 Cars Over Steering Fault

2010/11/04 16:34*DJ FTSE 100 +1.9% Hitting New High For 2010

2010/11/04 16:33*DJ Euro Trades Above $1.42, First Time Since Mid-January - EBS

2010/11/04 16:29*DJ Dollar Index Trades At Fresh 2010 Low Under 76.144 - EBS

2010/11/04 16:20*DJ BOK Likely Intervened To Keep Dollar Above KRW1,100 Earlier Thu-Traders

2010/11/04 16:18*DJ Sterling Hits Fresh 9 Month High Above $1.6163 - EBS

2010/11/04 16:15*DJ Swiss Oct CPI +0.5% On Month

2010/11/04 16:15*DJ Swiss Oct CPI +0.2% On Year; Forecast At +0.2%

2010/11/04 16:12DJ IMF Chief Economist Predicts 3-4% Global Growth For 2010, 2011
PARIS --The International Monetary Fund's chief economist Olivier Blanchard forecast Thursday that the world economy would grow between 3% and 4% in 2010 and at a similar rate in 2011.
2010/11/04 16:09DJ Tokyo Shares Gain After U.S. Fed Move; Fast Retailing Up 8.1% -2-

2010/11/04 16:03*DJ FTSE 100 Up 1% After The Open

2010/11/04 16:03*DJ Stoxx Europe 600 Index Up 0.7% After The Open

2010/11/04 16:02*DJ UK Halifax Oct House Prices +1.8% On Mo, +1.2% On Yr

2010/11/04 15:54DJ JGBs End Higher, 10-Year Bonds Bought Back After FOMC, Tender
At 0600 GMT Change TFX June 3-Mos Euroyen Price: 99.690 .005 TSE Dec 10-Yr JGB Futures Price: 143.28 +0.25 10-Yr 1.0% JGB No. 310 Yield: 0.920% .015 TOKYO -Japanese government bonds ended higher Thursday on moderate buying from traders and investors who had slashed their exposure prior to the Federal Reserve's policy meeting. Benchmark 10-year bonds were off 1.5 basis points at 0.920% at 0600 GMT, while the lead December 10-year contract was up 0.25 at 143.28. With the Federal Open Market Committee meeting out of the way and the foreign exchange market reaction to the Fed's easing measures muted, analysts expect JGBs to regain some ground near term. 'Because the foreign exchange market didn't show any extreme moves, expectations have faded for additional easing steps at the policy board meeting, which is starting today, and the market should regain composure overall,' said RBS Securities chief strategist Akito Fukunaga. The BOJ will announce the results of the policy meeting Friday after bringing the meeting ahead from its originally scheduled date of Nov. 15-16 to discuss details of its recently launched asset purchase program. Analysts don't expect the central bank board members to agree on additional steps at the latest meeting, while some expect new steps to be taken at their next meeting on Dec. 20-21 depending on the financial market climate. Other Cash Bond Yields At 0600 GMT Change 2-Year 0.1% JGB No. 298 Yield: 0.130% .005 5-Year 0.3% JGB No. 92 Yield: 0.290% .010 20-Year 1.8% JGB No. 122 Yield: 1.795% flat 30-Year 2.0% JGB No. 33 Yield: 1.950% +0.005 ***********
2010/11/04 15:52*DJ IMF Chief Economist Predicts 3-4% Growth In 2010 And 2011

2010/11/04 15:45=DJ PRECIOUS METALS: Gold, Silver Up In Asia On Fed Booster

2010/11/04 15:21=DJ WORLD FOREX: Dollar Falls Gradually Vs Yen, Euro After FOMC -3-

2010/11/04 15:19*DJ OIL FUTURES: Nymex December Crude Around 1% Up In Late Asian Trade

2010/11/04 15:16*DJ OIL FUTURES: December Crude Extends Gains, Last At $85.54/bbl

2010/11/04 15:06DJ Forex Options: Dollar/Yen Options Fall; Hedges Dumped Post-FOMC
TOKYO -Dollar/yen options dropped in Asia Thursday as market participants sold short-term contracts that hedge against sharp U.S. dollar decline versus the yen, after the result of the Federal Open Market Committee's latest meeting helped the greenback rebound somewhat.Benchmark volatilities implied by one-month at-the-money options fell to 10.80%/11.50% from 11.45%/12.15% in New York Wednesday.The FOMC yesterday announced a second round of asset buying to kick-start a slowly recovering U.S. economy. The Fed decided to buy $600 billion worth of U.S. Treasurys over a span of eight months.Some market participants expected a much larger package from the Fed, which they thought that might push the greenback toward its record-low of Y79.75."There were high expectations for the dollar-yen to fall below its recent 15-year low after the FOMC, but it actually went the other way," an options dealer at a major Japanese bank said. "That's why players who stocked up on short-term hedges are dumping them."The dealer said volatilities may fall somewhat in the near term now that one of the biggest events in months has ended, reducing demand for hedges against dollar-yen fluctuation.However, by introducing more easing measures, the FOMC didn't alter the recent trend of broad dollar weakness, the dealer added. Whether the greenback's decline against the yen will accelerate depends on U.S. non-farm payrolls for October scheduled for release Friday. If the dollar begins to fall sharply against the yen, demand for downside hedges may recover.
2010/11/04 15:06DJ Tokyo Shares Gain After U.S. Fed Move; Fast Retailing Up 8.1%

2010/11/04 14:50=DJ WORLD FOREX: Dollar Falls Gradually Vs Yen, Euro After FOMC -2-

2010/11/04 14:47=DJ WORLD FOREX: Dollar Falls Gradually Vs Yen, Euro After FOMC

2010/11/04 14:05*DJ Nikkei Stock Average Best Percentage Gain Since Sept 15

2010/11/04 14:01*DJ BNP Paribas 3Q Rev EUR10.86B

2010/11/04 13:59*DJ DBS Group Target Raised To S$17.00 From S$14.03 By CIMB

2010/11/04 13:54*DJ DBS Group Upgraded To Outperform Vs Underperform By CIMB

2010/11/04 13:12*DJ OIL FUTURES: Nymex December Crude Reached $85.37/Bbl, Up 0.8%

2010/11/04 13:11*DJ OIL FUTURES: Nymex December Crude Hits Fresh 6-Month High

2010/11/04 12:54DJ India's Fiscal Goals Through 2015 Based On Global Conditions - Official
NEW DELHI -India's aim to cut its reliance on government borrowing hinges on global economic conditions and buoyant revenue flow, a senior finance ministry official said Thursday.'The set of fiscal goals are realistic, though to achieve them it is conditional upon how the global economy pans out' and on local developments, said the official, who didn't want to be identified.India Wednesday gave itself a tight deadline to get its debt back to a more manageable level, signaling that it is serious about embracing the fiscal rigor it abandoned to cushion the country from the global economic crisis.In a report, the finance ministry said the government has set fiscal 2015 as its target to shrink the ratio of federal debt to gross domestic product to 64.9% from the current level of 73%.
2010/11/04 12:52DJ New Zealand, US Establish Strategic Partnership Agreement
WELLINGTON -The U.S. and New Zealand governments signed an agreement Thursday formalizing their friendship after a quarter century of strained relations since New Zealand refused entry to a U.S. warship in 1985. The two countries have committed to working more closely on 'Pacific projects' and to hold regular high-level ministerial meetings. U.S. Secretary of State Hillary Clinton arrived in Wellington earlier Thursday to announce the agreement. New Zealand declared itself a nuclear-free zone in 1984 and denied entry to a U.S. warship the following year as the U.S. wouldn't confirm whether it was carrying nuclear weapons. The U.S. then suspended a long-standing treaty agreement and has since strictly regulated military activities between the two countries. The New Zealand government said Thursday thy would work together on nuclear non-proliferation. New Zealand Minister of Foreign Affairs Murray McCully said the launch of the declaration is highly symbolic. 'It turns a new page in the relationship and establishes a framework for close cooperation across a whole range of fields of shared interest,' he said.
2010/11/04 12:29*DJ S&P Keeps BHP Billiton 'A+' Ratings On CreditWatch Negative

2010/11/04 12:22DJ BOK: Need To Have Capacity For Policy Response Against Shocks
SEOUL -The Bank of Korea said Thursday that the country needs to secure capacity for policy responses against any unexpected financial shocks because of the heightened uncertainty in the global economy.The central bank, while not calling for a rate increase outright, said its monetary policy needs to have room for maneuvering to prepare for a sudden worsening of global financial conditions.'It is necessary to secure a capacity for policy response against shocks that cannot be predicted. In this regard, fiscal soundness must be maintained by strict fiscal discipline and the capacity must be secured for the exercise of monetary policy relating to financial stability,' the BOK said in its biannual financial stability report.Early last month, the BOK stood pat on its policy rate for a third-straight month, citing external uncertainty and foreign exchange volatility. But expectations of a rate hike in the near future increased as inflation spiked to a 20-month high in October and exports rose to a new record.The BOK said in the financial stability report that Korea's financial system has become stable due to the faster-than-expected recovery of the domestic economy and improving global market conditions, but downside risks remain as market instability has increased both in Korea and abroad.'The ample liquidity resulting from the quantitative easing policies of the U.S. and other major countries...is flowing rapidly into emerging market countries. Consequently, there is concern, primarily centered on emerging markets, about the increasing volatility of asset prices and exchange rate,' it said.To constrain excessive foreign fund inflows, the BOK called for macroeconomic policies to be implemented in such a way as to guard against the 'formation of uni-directional anticipation for the exchange rate.'While stepping up monitoring for sudden large-scale outflows of such funds, the country needs to maintain appropriate levels of foreign exchange reserves to help stabilize the foreign exchange market in times of turbulence, according to the report.The BOK said the currency dispute among major economies is a downside risk factor for the global economy, but it probably won't escalate, given the global efforts to smooth the conflict.At the same time, structural global imbalances likely won't improve significantly in the near future, the BOK said.
2010/11/04 12:16DJ BOJ Shirakawa: Current Rates Most Appropriate
TOKYO -Bank of Japan Gov. Masaaki Shirakawa said Thursday he thinks the central bank's current policy target rates are appropriate, but he didn't offer any other hints on the outcome of a policy board meeting that is scheduled to finish Friday."The Bank of Japan judges the combination of the current overnight call-loan rate in a 0.1% range and interest rates on banks' reserve accounts at 0.1% to be the most appropriate," Shirakawa said at an event in Tokyo.Japan's central bank is holding a two-day policy board meeting from Thursday to finalize its plan to purchase exchange traded funds and real estate investment trusts under its new Y5 trillion asset-buying program.
2010/11/04 11:59*DJ BOK Suspected Of Intervening In FX Market To Curb Won's Gains-Traders

2010/11/04 11:57*DJ India Official: Current Budget Gap Goals 'Realistic'

2010/11/04 11:39*DJ Shirakawa: Excessively Weak Emerging Nation Currencies May Have Negative Impact On Global Econ

2010/11/04 11:37*DJ BOJ Shirakawa: Effects Of BOJ's Easing Have Already Appeared In Fundraising Costs

2010/11/04 11:36*DJ BOJ Shirakawa: To Take Appropriate Policy Steps Based On Econ, Prices

2010/11/04 11:36*DJ BOJ Shirakawa: May Fail To See Overall Econ Picture If Focused Only On Prices

2010/11/04 11:35DJ OECD Urges Central Banks To Keep Rates Low As Growth Weak

2010/11/04 11:30=DJ Oil Market Has $90 A Barrel In Sight After Fed Easing

2010/11/04 11:27=DJ ECB WATCH: ECB To Distance Itself From Fed With Inaction

2010/11/04 11:19DJ AIG: Still Evaluating Options On Nan Shan Life
TAIPEI -American International Group Inc. said Thursday it is still evaluating its options on Nan Shan Life Insurance Co., its Taiwan life-insurance unit, after Taiwan's financial regulator in August rejected the unit's planned sale to a consortium led by battery maker China Strategic Holdings Ltd. (0235.HK).The comment comes after a report in the Commercial Times on Thursday said AIG may relaunch the sale of Nan Shan Life by the end of the year. The report, which didn't cite any sources, didn't give further details.AIG spokeswoman Lauren Day told that AIG doesn't comment on rumors or speculation, but 'AIG continues to evaluate its options with respect to its ownership of Nan Shan.'Late September, China Strategic and consortium partner Primus Financial Holdings Ltd. agreed to abort their plan to buy Nan Shan Life for US$2.15 billion after Taiwan's Financial Supervisory Commission rejected the deal because it had doubts about China Strategic's financial strength and commitment to Nan Shan Life.Nan Shan Life controls more than a 30% share of Taiwan's life-insurance market.
2010/11/04 11:04DJ PBOC Adviser: Interest, Exchange Rate Policies Needed For Financial System Stability

2010/11/04 11:03*DJ BOK: Global Imbalances Unlikely To Improve In Short Term

2010/11/04 11:02*DJ BOK: Monetary Policy Should Be Exercised For Financial Stability

2010/11/04 11:02*DJ BOK: Need To Further Strengthen Macroprudential Policies

2010/11/04 11:00DJ PBOC Adviser: Interest, Exchange Rate Policies Needed For Financial System Stability
BEIJING -China needs appropriate interest-rate and exchange-rate policies among other measures to protect its financial system from international risks, People's Bank of China adviser Xia Bin wrote in an essay published in the central bank-backed Financial News on Thursday.The stability of China's financial system requires moves by China's banking regulator concerning individual financial institutions, but 'also requires coordination with a series of central bank measures on interest rates, exchange rates and capital management, including counter-cyclical measures,' he wrote.The international framework for prudent macroeconomic management is insufficient and another crisis will be unavoidable if the world cannot embrace limits on the issuance of major currencies like the dollar, Xia wrote.Developing nations should build 'firewalls' to protect against external shocks and China shouldn't simply follow moves by developed countries to cut credit following the global financial crisis, he said, but with excessive domestic liquidity, China also shouldn't rule out the possibility of limits on the expansion of credit by institutions.
2010/11/04 10:57*DJ NZ, US To Have Regular Ministerial Meetings

2010/11/04 10:56*DJ NZ, US To Sign Strategic Partnership Agreement

2010/11/04 10:48*DJ USD Falls To TWD30.285, Lowest Since June 2008

2010/11/04 10:46DJ S&P: UK Cuts May Worsen North-South Mortgage Split
LONDON -The U.K.'s planned public spending cuts could widen the gap in the performance of U.K. mortgages, which is already worse in the North of the country than in the South, Standard & Poor's Corp. said Thursday. 'Fiscal consolidation looks set to exacerbate regional differences for U.K. borrowers,' the rating agency said. Last month, the U.K. announced its long-awaiting spending review. The U.K. government aims to make GBP81 billion in cuts over four years in order to close the fiscal deficit. Those parts of the country most dependent on public-sector employment, as well as those parts of the private sector most vulnerable to lower public spending like manufacturing and construction, could suffer most due to the cuts, S&P said. 'The North could end up the loser in both these respects, further exacerbating its already weaker mortgage credit performance,' the rating agency said. 'The recession may be technically over, but our study indicates that the North of the U.K., and its mortgage borrowers, could continue to feel residual effects of the crisis for several years.' The mortgage market in the North of England is already underperforming. At the end of the first half of 2010, nearly 25% more mortgages were in arrears in the North of England than in the South, while default rates in the North were 50% higher than in the South. 'One reason for this North-South divide appears to be the differing trend in unemployment across regions and sectors,' S&P said, with the Northern unemployment rate now 20% higher than in the South, possibly because the construction and manufacturing sectors have been hardest hit by the downturn. Meanwhile, weaker house price recovery since mid-2009 means that loan-to-value ratios are higher in Northern England. Almost 20% of mortgage loans in the North have current LTV ratios above 90%. 'With most lenders unwilling to lend at these levels, more borrowers in the North could be locked out of refinancing their properties without an outside source of equity,' the S&P report said. S&P based its report on a sample of around 1.5 million mortgages with a total balance of GBP150 billion--about 15% of all U.K. mortgage balances outstanding--for which it regularly receives updated loan-level information as part of its monitoring of residential mortgage-backed securities transactions.
2010/11/04 10:42DJ October Daily Forex Volumes Over $151 Billion -Thomson Reuters
LONDON -Currency trading volume handled by systems owned by Thomson Reuters PLC averaged over $151 billion a day in October--the second-largest monthly figure since the firm started publishing the data, it said Wednesday. The data showed that currency trading rose almost 14% on the month, when the daily average was $133 billion over the Reuters systems, which include its key bank-to-bank trading platform. Trading in Australian, New Zealand and Canadian dollars--the commodity-backed dollar bloc--was strong, Thomson Reuters said. The South African rand and the Mexican peso also saw strong trading volumes, it said. In August, the Bank for International Settlements reported that the overall size of daily flows in currency markets is $4 trillion--a 20% rise from its previous triennial survey in 2007. Of the total, the BIS said about $1.5 trillion comes from spot deals, the basic form of currencies trades.
2010/11/04 10:12*DJ Hang Seng Index Rises 1.4% To 24,487.61; 29-Month High

2010/11/04 10:05=DJ NY Fed Offers Details Of Coming Bond-Buying Operation

2010/11/04 10:04=DJ FOREX VIEW: GOP Gains Could Nudge Dollar From Several Angles

2010/11/04 09:50DJ Fed's Bernanke Defends New Bold Action To Aid US Economy
WASHINGTON -Federal Reserve Chairman Ben Bernanke Wednesday defended the U.S. central bank's latest bold move to buy more government debt in an effort to aid a persistently weak economy.In an op-ed on the Washington Post, Bernanke said Fed officials meeting earlier Wednesday could hardly be satisfied with a U.S. economy in which unemployment remains too high and prices too low."Although low inflation is generally good, inflation that is too low can pose risks to the economy--especially when the economy is struggling," Bernanke wrote."In the most extreme case, very low inflation can morph into deflation [falling prices and wages], which can contribute to long periods of economic stagnation."Some 16 months after the recession officially ended, the unemployment rate is stuck close to 10% and prices remain very low as companies struggle to lure buyers. An underlying measure of inflation that is closely watched by the central bank rose just 1.2% in the year through September, the lowest level in nine years and below the Fed's informal goal of around 2.0%.Fed officials earlier Wednesday unveiled a controversial new plan to buy $600 billion in U.S. Treasurys through June, hoping to spur growth in a disappointingly slow U.S. economy. After two days of discussions, officials said they stand ready to purchase more government debt if the economy's weakness persists.The Fed's first $1.75 trillion bond-buying program, which ran from December 2008 to March and focused on mortgage bonds, is credited with helping the economy when the U.S. was hit by a financial crisis and a deep recession. The latest move is more controversial because the economy is now growing--albeit slowly--and financial markets are no longer under severe stress.Although asset purchases are an unfamiliar tool of monetary policy, Bernanke said some concerns about this approach are overstated. Critics have worried that it will lead to excessive increases in the money supply and ultimately to significant increases in inflation.Bernanke said the Fed has made all the necessary preparations and is confident that the central bank has the tools to unwind the monetary stimulus at the right time.The central bank said it expects to buy between $850 billion and $900 billion in Treasurys over the next eight months. In addition to the $600 billion, the Fed expects to buy about $35 billion in Treasurys a month to replace mortgage bonds in its portfolio that are being retired, a decision that was taken back in August."We will review the purchase program regularly to ensure it is working as intended and to assess whether adjustments are needed as economic conditions change," the Fed chief said.Economists inside and outside the Fed have warned that the bond purchases could be ineffective because interest rates are already so low. Some say it could backfire, sparking new asset bubbles, higher inflation in the next few years or lead to a collapse in the value of the U.S. dollar.Showing there is even dissent within the central bank, Kansas City Fed President Thomas Hoenig voted against the policy action, saying the risks outweigh the benefits. He was only one of 11 Fed officials voting to oppose the move.
2010/11/04 09:43*DJ Spot Silver Hits New 30-Year High Of $25.11/Oz

2010/11/04 09:16*DJ PBOC Adviser: Need Capital Management Policies To Support Financial System Stability

2010/11/04 09:11*DJ PBOC Adviser: Need Exchange Rate Policies To Support Financial System Stability

2010/11/04 09:11*DJ PBOC Adviser: Need Interest Rate Policies To Support Financial System Stability

2010/11/04 08:53*DJ PBOC Adviser: Developing Nations Should Build 'Firewalls' Vs External Shocks

2010/11/04 08:52*DJ Malaysia Central Bank Suspected Of Buying Dollars At MYR3.0820-Dealers

2010/11/04 08:05DJ Hopu Fund To Be Wound Down -FT
Hopu Investment Management is moving toward being wound down as the fund exits its remaining investments and two of three founding partners depart, the Financial Times reported Wednesday citing people familiar with the matter. The private equity fund set up by former Goldman Sachs Group Inc. bankers with the backing of Singapore's Temasek will continue investments but not raise fresh money. 'We received a letter from Hopu, saying that they will continue to take care of the [existing] fund,' one big investor in Hong Kong told the newspaper. 'But as an investor we would prefer to see it carry on.' Full story at http://www.ft.com/cms/s/0/8185fafc-e6b1-11df-99b30144feab49a.html -; 212-416-2900
2010/11/04 08:04*DJ Lead Dec JGB Futures Open Up At 143.30 Vs 143.03 Tue

2010/11/04 08:04*DJ Nikkei Stock Average Opens Up 1.3% At 9282.79

2010/11/04 07:35*DJ Bernanke:Fed To Review Bond Buys Regularly To Make Sure They're Working

2010/11/04 07:34*DJ Bernanke:Some Concerns With Bond Buys Are Overstated

2010/11/04 07:33*DJ Bernanke:Inflation That's Too Low Can Pose Risks To Economy

2010/11/04 07:32*DJ Fed's Bernanke: US Jobs Market Remains 'Quite Weak'

2010/11/04 07:32*DJ Bernanke:Fed Could Hardly Be Satisfied With US Economy

2010/11/04 07:27*DJ New Zealand Dollar Hits Y63.77; Highest Since July 28

2010/11/04 06:31=DJ WORLD FOREX: Dollar Falls Modestly Vs Rivals On Fed Decision-2-

2010/11/04 06:10DJ US Stocks End Volatile Session Higher; DJIA At 2-Yr High Close-2-

2010/11/04 06:07=DJ Obama: Reaches Out To Republicans But Warns Against Re-fighting Battles

2010/11/04 05:57*DJ Canadian Dollar Slumps After Govt Rejects BHP Billiton Potash Corp Bid

2010/11/04 05:51*DJ New Zealand Dollar Rises To US$0.7855 From US$0.7785 After Jobs Data

2010/11/04 05:50*DJ NZ 3Q Labor Force Participation Rate 68.3%; Mkt Expect 68.0%

2010/11/04 05:45*DJ NZ 3Q Adj Employment +1.8% On Year; Mkt Expected +1.2%

2010/11/04 05:45*DJ NZ 3Q Adj Unemployment Rate 6.4%; Market Expected 6.7%

2010/11/04 05:45*DJ NZ 3Q Adj Employment +1.0% Vs 2Q; Market Expected +0.5%

2010/11/04 05:41=DJ WORLD FOREX: Dollar Falls Modestly Vs Rivals On Fed Decision

2010/11/04 05:15DJ Most Treasurys Rise On Fed Bond-Buying Plan; 30-Year Sells Off

2010/11/04 05:02DJ US Stocks End Volatile Session Higher; DJIA At 2-Yr High Close

2010/11/04 04:23*DJ US Sen Bennet Wins Colorado Senate Contest - AP

2010/11/04 04:15DJ OIL FUTURES: Crude Holds Gains Following Fed Statement

2010/11/04 04:06*DJ Nasdaq Closes Up 6.75 Points (0.27%) At 2540.27; Financials Lead

2010/11/04 04:06*DJ DJIA Closes Up 26.41 Points (0.24%) At 11215.13, A 2-Year High

2010/11/04 04:04DJ UK Ministers Plan 100,000 Job Cuts At Departments - Report
LONDON -U.K. ministers have earmarked more than 100,000 civil service posts to be cut as the government sets about reducing its costs by a third, the Guardian reports on its website Wednesday, citing a survey it conducted of government departments.The U.K. daily newspaper says all government departments are due to deliver plans this month for achieving the cuts recently set out by U.K. Chancellor of the Exchequer George Osborne.The government estimates that 490,000 public sector jobs will be lost by 2016 as a result of its efforts to reduce the U.K.'s budget deficit.About 456,060 people are employed in the central civil service, according to the most recent official figures, the report says.Full story: www.guardian.co.uk/politics/2010/nov/03/ministers-earmark-civil-service-job-cuts-London bureau, ; +44 (0)20 78 42 9330; generaldesklondon@dowjones.com
2010/11/04 03:51DJ Russia Sovereign Funds Won't Buy Spain, Ireland Assets -Report
FRANKFURT -Russia's two sovereign wealth funds will no longer buy Spanish or Irish assets, the RIA Novosti news agency reported Wednesday, citing documents posted on the Finance Ministry's website.RIA Novosti said the ministry had shortened the list of countries whose assets are eligible investments for its funds "to reduce risks in the process of the funds' management."The countries still on the list summarized by RIA Novosti also didn't include Italy, but did include the Netherlands, Austria, Belgium, Finland and France, all perceived as belonging to the "hard core" of Europe's 16-country currency union.It also included the U.K., despite ongoing concerns about the consequences of that country's budget deficit for its AAA-rating in the international bond markets.Agency website: www.rian.ru
2010/11/04 03:40DJ PRECIOUS METALS: Gold Ends Down 1.4% On FOMC Worries

2010/11/04 03:02=DJ Fed To Buy $600B US Treasurys In Bid To Lift Weak Economy-2-

2010/11/04 02:53=DJ Fed To Buy $600B US Treasurys In Bid To Lift Weak Economy

2010/11/04 02:49*DJ 30-Yr Treasury Drops More Than 2 Points; Yield Up 14 BPs

2010/11/04 02:42*DJ 5-Yr Treasury Note Up As It's Fed's Favored Buying Target

2010/11/04 02:41*DJ 30-Yr Treasury Falls 1 16/32; Yield Up 9 BPs To 4.024%

2010/11/04 02:40*DJ 30-Yr Treasury Tumbles As Fed Focuses Buying In Shorter Notes

2010/11/04 02:36*DJ OIL FUTURES: Crude Holds Early Gains Following Fed Statement

2010/11/04 02:34*DJ Dollar Hits Intraday High Vs. Yen, Up 1.15%

2010/11/04 02:34*DJ OIL FUTURES: Nymex Crude Settles Up 79c At $84.69/Bbl

2010/11/04 02:34*DJ Canada Dollar Reverses Direction, Now Lower On Day Vs US Dollar

2010/11/04 02:32*DJ Dollar Reverses Loss Against Euro, Now Up On Day

2010/11/04 02:31*DJ 30-Yr Treasury Falls, Erasing Earlier Rally

2010/11/04 02:30*DJ Canada Dollar Cedes Post-FOMC Gains Vs US Dollar

2010/11/04 02:28*DJ Longer-dated Treasurys Erase Gains; 10-Yr Yield Flat At 2.59%

2010/11/04 02:28*DJ Dec 10-Yr Tsy Note Futures Soften From 2-Week Top After FOMC

2010/11/04 02:26*DJ 30-Yr Tsy Bond Futures Fall From 3-Week High On Fed Tsy Buys

2010/11/04 02:26*DJ Comex Gold Pares Losses On $600 Bln Fed Stimulus

2010/11/04 02:25*DJ Longer-dated Treasurys Pare Gains On Fed Rate Statement

2010/11/04 02:24*DJ FOMC: Fed Funds To Stay Exceptionally Low For Extended Period

2010/11/04 02:24*DJ FOMC: Pace Of Recovery In Output, Employment Remains Slow

2010/11/04 02:23*DJ FOMC: Core Inflation Has Trended Lower In Recent Quarters

2010/11/04 02:23*DJ Dollar Sinks Vs. Euro On Fed Statement

2010/11/04 02:23*DJ OIL FUTURES: Nymex Crude Rises On Fed Statement

2010/11/04 02:23*DJ FOMC: Core Inflation Below Levels Consistent With Mandate

2010/11/04 02:21*DJ Fed To Buy Treasurys Ranging From 1.5 To 30 Years Duration

2010/11/04 02:21*DJ Canada Dollar Gains Vs US Dollar After Fed Policy Decision

2010/11/04 02:21*DJ Treasurys Off Session Highs In Volatile Trade Post FOMC

2010/11/04 02:20*DJ Fed Keeps Fed Funds Range Unchanged At 0.0% To 0.25%

2010/11/04 02:20*DJ Fed Leaves Discount Rate Unch At 0.75%

2010/11/04 02:20*DJ Fed's New Tsy Purchases Would Average $75B A Month

2010/11/04 02:20*DJ Dollar Slips Against Yen, But Remains Up On Day

2010/11/04 02:19*DJ Fed To Adjust Treasury Purchase Program As Needed

2010/11/04 02:19*DJ Fed To Keep Reinvesting Mtge Security Proceeds Into Tsys

2010/11/04 02:19*DJ Fed To Buy US Treasurys In Bid To Lift Weak Economy

2010/11/04 02:18*DJ Fed To Buy $600B More Of Long-Term Tsys By End Of 2Q '11

2010/11/04 02:18*DJ FOMC: Voted 10-1 For Fed Funds Rate Action; Hoenig Dissents

2010/11/04 01:48*DJ Obama: Tax Cuts Alone Won't Lead To Economic Growth

2010/11/04 01:41*DJ Obama: Need To Avoid Tax Increase On Middle Class

2010/11/04 01:25*DJ Obama: Welcome GOP Ideas For Improving Health Care, Not Repeal

2010/11/04 01:20*DJ Obama: Open To GOP Ideas On Economy, Jobs

2010/11/04 01:14*DJ Obama: US Energy Policy An Area Where Dems, GOP Can Cooperate

2010/11/04 01:12*DJ Obama: Number One Concern Of Voters Was Economy

2010/11/04 01:12*DJ Obama: Have Not Made Enough Progress On Economy

2010/11/04 01:09*DJ Obama: Will Need To Work Harder At Building Consensus

2010/11/04 01:08*DJ Obama: Foreign Economies Pose Greatest Challenge For US

2010/11/04 01:05*DJ Obama: Election Vote Confirmed People Are Frustrated

2010/11/04 00:11=DJ SEC Adopts Ban On 'Naked Access'