By Camila Fontana The U.S. bank also changed its year-end forecast to 1.8 per
dollar from 1.75, according to a report by strategists Emy Shayo Cherman and
Ben Laidler dated yesterday. “If risk aversion remains, the real should
continue to weaken,” they wrote. “Flows to Brazil
The MSCI Asia Pacific Index lost 0.3 percent to 113.89 at 1:04 p.m. in Tokyo,
led by banks and commodities producers. Westpac Banking Corp. declined as the
cost of protecting Australian government bonds from default jumped to a
nine-month high. Futures on the U.S. Standard & Poor’s 500
The guarantee, which was announced in October 2008 after the collapse of Lehman
Brothers froze credit markets worldwide, will be withdrawn March 31 because
funding conditions have improved, Treasurer Wayne Swan said yesterday. View
what investors think of Australia's banks: See the results of
• Euro Finds Little Consolation from EU Finance Ministers’ Greek Guarantees at
G7 • Japanese Yen: Lending Troubles another Road Sign to the Next ‘Lost Decade’
• Commodity Currency Policymakers Start Rolling Back Emergency Aid Dollar
Advances for a Fourth Consecutive Session
Bank of America Corp. and American Express Co. lost at least 2.8 percent for
the biggest declines in the Dow. Nasdaq OMX Group Inc. fell 4 percent to lead
the Standard & Poor’s 500 Index lower after its forecast for operating
expenses topped some analysts’ estimates. Home Depot Inc.
By Chris Fournier “We’ll continue to follow the risk-aversion, risk-appetite
story,” said Bob Block , director of foreign-exchange sales in Toronto at Bank
of Montreal, Canada’s fourth-largest lender. “The Canadian dollar is a currency
that seems to benefit from risk appetite
Bank of America and American Express Co. lost more than 2 percent for the
biggest declines in the Dow Jones Industrial Average. Home Depot rallied 3.1
percent as Morgan Stanley advised buying the shares, while Google climbed as
Bank of America Corp. added the company to its “U.S. 1” list
Home Depot rallied 3 percent as Morgan Stanley advised buying the shares, while
Google climbed as Bank of America Corp. added the company to its “U.S. 1” list
of favorite stocks. Alcoa Inc. and Exxon Mobil Corp. rose at least 1.1 percent
as oil and metal prices rebounded from last
By Bo Nielsen The krone, which dropped 2.6 percent against the dollar this
year, advanced before a report in two days that economists say will show
inflation accelerated for a third month in January. The Swedish krona rose
against the euro as the Dow Jones Stoxx 600 Index of European
Home Depot rallied 3 percent as Morgan Stanley advised buying the shares, while
Google climbed as Bank of America Corp. added the company to its “U.S. 1” list
of favorite stocks. Alcoa Inc. and Exxon Mobil Corp. climbed at least 1.3
percent as oil and metal prices rebounded from last
The MSCI Asia Pacific Index lost 0.3 percent to 113.89 at 1:04 p.m. in Tokyo,
led by banks and commodities producers. Westpac Banking Corp. declined as the
cost of protecting Australian government bonds from default jumped to a
nine-month high. Futures on the U.S. Standard & Poor’s 500
