For Currency Traders, All Eyes on Inflation Before Fed Liftoff

Do we have liftoff? That’s the question currency traders will be asking next week as they weigh Wednesday’s U.S. inflation data and minutes from the Federal Reserve’s latest meeting for clues about the timing of the central bank’s first interest-rate increase in almost a decade.

Italian, Spanish, Portuguese yields jump after Greeks vote 'No'

LONDON, July 6 (Reuters) - Italian, Spanish and Portuguese bond yields rose just over 10 basis points on Monday after an overwhelming Greek vote against EU-prescribed austerity measures that could set Athens on a path out of the euro zone.

Wealth Funds Turn to Tokyo Property as London Seen as Model

Global wealth funds are moving to buy more Tokyo properties to take advantage of rising prices in the Japanese capital, one of the highest-ranking officials at the land ministry said.

U.S. Fed should end guidance on timing of policy change: Rosengren

(Reuters) - Given the "significant" slack in U.S. labor markets, the Federal Reserve should be patient about reducing monetary policy stimulus and refrain from telling markets exactly when it may raise rates, a top Fed official said on Friday.

Foreign investors flock to India to meet debt issuers as outlook turns rosier

MUMBAI: A host of foreign investors and funds will be meeting corporate leaders in India next month, the first time since the global financial crisis, signifying changing perception about the country's growth potential.

European Bond Traders Suffer High-Yield Anxiety on Losses

Warning signals are starting to flash for Europe’s biggest money managers as a selloff in the U.S. high-yield bond market shows signs of crossing the Atlantic.

Households braced for first rise in borrowing costs in more than five years

Households are bracing themselves for the first rise in borrowing costs since the Bank of England cut interest rates to a record low more than five years ago.

Morgan Stanley Turns Aussie Bull to Predict Parity: Currencies

Morgan Stanley is breaking from the pack, becoming the first forecaster to predict Australia’s dollar will regain parity with its U.S. counterpart.

A hawk pushes against majority at Fed on trimming stimulus

(Reuters) - Going a step further than his colleagues at the Federal Reserve, a hawkish policymaker said on Wednesday the U.S. central bank should wind down its bond purchases faster than planned and end it before mid-year.

Interest rate rise with no wage increase 'will push heavily-indebted to edge'

Heavily indebted homeowners will be hit hard if interest rates start to rise before wages have picked up, according to research by the Bank of England that underlines the dilemma facing policymakers as the economy recovers.

Harvard MBA Running Nigeria Fund Says Stocks Too Costly

Uche Orji, the Harvard-trained head of Nigeria’s sovereign wealth fund, said he’s worried about rising stock prices as he prepares to hand over the next tranche of the fund’s $1 billion of holdings to external fund managers.

Portugal Yields Need Draghi to Keep His OMT Promise

Portugal’s 10-year bond yield jumped more than a percentage point in the past month to levels that may test European Central Bank President Mario Draghi’s pledge to buy bonds of crisis-torn countries.

US retail sales edge up 0.1 percent in April

WASHINGTON (AP) — Americans increased their spending in April at retail businesses, buying more cars and clothes after cutting purchases sharply in March.

Cyprus Immunity Shows Libor Still Broken Rate: U.K. Credit

Libor ignored the crisis in Cyprus that’s roiling financial markets, showing the global benchmark for $300 trillion of securities remains divorced from reality six months after regulators laid out a plan to fix it.

Norway Tariff Cuts to Lower Income by $7 Billion, Funds Say

Funds that have invested $5.6 billion in Norway’s gas pipelines said a government plan to cut their transportation fees by 90 percent would lower income by almost 40 billion kroner ($7 billion).

Norway Misses Haven Fest as Record Issuance Looms: Nordic Credit

Norway faces higher borrowing costs next year as the AAA rated nation plans record bond issuance amid a potential drop off in demand from foreign buyers.

Southeast Asian Properties Are Attractive, Deutsche Bank Says

Properties in Southeast Asian (MXSO) cities including Bangkok, Jakarta and Kuala Lumpur are attractive for investors seeking to boost returns by holding riskier assets, Deutsche Bank AG (DBK)’s RREEF unit said.

ECB takes center stage after pause in crisis

NEW YORK (CNNMoney) -- Europe's long-running financial crisis took some time off, but vacation time is over. After a summer lull, investors are bracing for several key events in the euro area this month, starting with a crucial meeting of the European Central Bank on Thursday.

Ex German Finance Minister favors joint euro zone debt

(Reuters) - Former German Finance Minister Peer Steinbrueck, a possible challenger to Chancellor Angela Merkel in next year's election, spoke out in favor of common debt issuance in the euro zone even though the Berlin government and most Germans oppose it.

Banking Union: Perhaps Too Little, Too Late

PARIS — Signs are growing that Europe’s economic and monetary union may be fragmenting faster than policy makers can repair it.