A round-up of the key stories across the specialist financial media, including news that the euro is trading below $1.30, and investor appetite for risk is shaky as markets remain wary of the political and fiscal difficulties facing the eurozone
The euro is trading below $1.30, and investor appetite for risk is shaky as markets remain wary of the political and fiscal difficulties facing the eurozone.
Asian markets fell on Wednesday and the euro slipped below $1.30 as failed coalition talks in Greece stoked fresh concerns about the fragility of Europe”s monetary union.
Brent crude slipped towards $112 on Wednesday, on track for its longest losing streak in almost two years, as political uncertainty in the debt-laden eurozone and rising oil stocks in the US revived worries about fuel demand.
Gross says QE3 getting closer as Goldman sees easing
Pacific Investment Management Co’s Bill Gross and Jan Hatzius at Goldman Sachs say investors should prepare for additional bond purchases by the Federal Reserve, known as QE3, to combat a slowing US economy.
Australia’s government stuck to its promise of returning the country to surplus as it set out its new annual spending plan late on Tuesday, with strategists saying that holding to that target could provide some support for the country’s bonds and currency.
