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WireTap 0900 11/04/12

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. 

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Dow, S&P fall for fifth day, but Alcoa is a late riser 

The sell-off in US stocks accelerated on Tuesday, as the Dow and S&P 500 dropped for a fifth day, but Alcoa rose late in the day on quarterly results. 

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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.  

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European stocks stage tentative recovery

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.

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ABI warns over Barclays pay deals 

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.

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