A round-up of the key stories across the specialist financial media, including news that the yen has dropped on speculation that the Bank of Japan will add easing measures.
Speculation BOJ will add easing measures weakens yen
Spain’s efforts to calm investors with an additional €10 billion of budget cuts in education and health failed to stem concerns that the nation might become the fourth eurozone member to need a bailout.
China stocks rise to two-week high as real estate advance predicted
China’s stocks rose, driving the benchmark index to a two-week high, as speculation that property sales and new lending will rebound overshadowed concern that Europe’s debt crisis was worsening.
European stock markets recovered some of their poise after the worst one-day drop in more than a month, as Spanish and Italian bond yields fell and restored some calm to financial markets.
Shareholder unease about the pay deals granted to bosses at Barclays intensified on Tuesday as big UK institutional investors in the insurance sector expressed concerns about the bank’s pay policy ahead of its annual meeting in a fortnight.
