Worries about Greece hobble rally
Investors are torn between fears of Greek default and hopes for global economic recovery
US stocks wary of SEC action
Asset managers sold off on Tuesday on reports the SEC was close to completing plans for the regulation of the US money-market fund industry
Avoiding EM economies is the biggest gamble of all
The most likely path for unwinding global imbalances is through appreciation of emerging market currencies, writes Jerome Booth
US dealers desert corporate bond market
Issuance has rallied but regulatory constraints – such as Basel III and the ‘Volcker rule’ – have hit proprietary trading desks
China gold imports from HK surged in 2011
China’s gold imports from Hong Kong more than trebled in 2011 from the year before, hitting a record 428 tonnes as savers sought to hedge against inflation
Japan confirms stealth intervention to limit yen
Tokyo sold Y1.02tn without warning during the first four days of November to limit the currency’s rise against the dollar
Resource suitors lead FTSE 100 lower
Xstrata and Glencore shares fall after confirmation of merger terms while the wider market is in stasis, waiting for clarity from Athens
Swatch results trigger losses for luxury stocks
Swiss watchmaker falls 4.6 per cent after its results come in below expectations with its losses exacerbated by its 2012 performance so far
Australian dollar rises after rate surprise
Australian dollar moves sharply higher after the Reserve Bank of Australia surprises the market by leaving its main rate at 4.25 per cent
China shares fall after IMF’s eurozone warning
Asian shares take a breather as markets are torn between renewed fears of a Greek default and increasing hopes for global recovery
