শনিবার, ৬ এপ্রিল, ২০১৩

Eurozone crisis live: Bank of Japan boss tries to temper soaring markets

Good morning and welcome to another day of the eurozone crisis live blog, keeping you up to date on the key political and economic events to effect Europe and elsewhere.

Overnight, more news from Tokyo, where Bank of Japan Governor Haruhiko Kuroda played down concerns of an asset-price bubble as a result of yesterday's announcement of plans to pump $1.4tn into the economy over the next two years.

However, this was a tricky sell, with government bond yields at a record low, the yen hitting a three-and-a-half year trough and the Nikkei soaring to a five-year high.

Elsewhere, over in the US, President Obama is expected to offer cuts to welfare programmes in return for Republican support on the budget, creating a compromise on a deficit reduction deal. We will bring you any market reaction to the news.

Today, all eyes will remain on the US where the latest non-farm employment numbers will come out at 1.30pm as an indicator of further recovery.

Meanwhile, in Europe, the eurozone retail sales figures for February come out at 10am and are expected to show a continued fall in consumer spending.

All this, and other events as they unfold.

Source: http://www.guardian.co.uk/business/2013/apr/05/eurozone-crisis-live-bank-japan-markets

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