TAKE-A-LOOK: World stocks and dollar slip as banks issue stock
U.S. stocks fell and oil slipped on Monday as investors locked in profits after a strong run-up in riskier assets and major U.S. banks announced large stock offerings to repay government bailouts.
U.S. Treasuries and euro zone government debt rose as the outlook for stocks weakened. The Federal Reserve bought $3.51 billion of longer-dated bonds and the Bank of England bought 3.4 billion pounds ($5.16 billion) of long-dated gilts.
Oil fell marginally, pressured by weaker equity markets and a firmer dollar, helping to cut crude's price from six-month highs reached last Friday.
The dollar rose, rebounding from a four-month low, as declining stock prices boosted the U.S. currency's safe-haven appeal and investors bought the greenback after a sharp sell-off last week.
To read more, double-click on the square brackets below: ---------------------------------------------------------------- MARKET REPORTS: > GLOBAL MARKETS-Stocks, US dollar dip as banks issues stock [ID:nN11491785] > MONEY MARKETS-Central bank help key to signs of improvement [ID:nN11525098] > EMERGING MARKETS-Latam assets see profit taking [ID:nN11503623] > COMMODITIES-Sugar, coffee jump, but broad rally pauses [ID:nN11549293] MAIN ECONOMIC AND FINANCIAL NEWS DRIVING GLOBAL MARKETS > White House forecasts higher US budget deficits [ID:nN11526758] > Obama proposes tripling FDIC borrowing power [ID:nN11530370] > Global economy about to turn the corner - ECB's Trichet [ID:nLB194016] > US banks selling stock to repay TARP money [ID:nN11506115] > Microsoft to make three-part benchmark debt issue [ID:nN11530868] > Germany tweaks "bad" bank plan to push risk onto shareholders [ID:nLB276178] > Industrial output in France and Italy drops sharply in March [ID:nLB205262] > HSBC says Q1 profits rise, investment banking strong [ID:nLB716280] > China prices fall for 3rd month of deflation [ID:nPEK39063] > US April payrolls fall 539,000; jobless rate rises to 8.9 pct[ID:nN08455623] > US banks seek $75 bln; European peers' bad debts soar [ID:nL81019092] ANALYSIS RELATED TO GLOBAL ECONOMIC CRISIS > US interventions may ultimately raise costs for US companies [ID:nN08510738] > Emerging market stocks rebound seems more than bear rally [ID:nLB156992] > Getting money flowing after the stress test [ID:nN08493678] > US banks race to issue debt but TARP exit still unclear [ID:nN08464037] > Rising US Treasury yields may force Fed wallet open wider [ID:nN08501567] > Stress test relief seen unlikely to spur lending [ID:n07620376] > Sell in May and go away? Maybe not this year [ID:nN07401481] > Citigroup OK for now, may still face trouble [ID:nN06296308] > Stress tested US banks may offer new shares [ID:nN06149445] > Blistering pace of stock rally raises warning flags [ID:nL6211042] > US jobs data a stress test of its own [ID:nN01341566] > Union, government control of US automakers seen a risk [ID:nN30154284] FACTBOXES > Summary of 19 US stress tested banks' capital plans [ID:nN11540406] > Stress tested banks need combined $74.6 bln capital [ID:nWEQ000989] > Summary of 19 stress-tested banks' capital needs [ID:nN07388962] > Full text ECB statement on rates, asset buying [ID:nECBTEXT] > Facts and figures from Obama's budget [ID:nN06299995] > US bank stress test capital targets, conditions [ID:nN06306650] > Summary of US stress-tested banks' capital needs [ID:nN06296381] > Details of Chrysler bankruptcy, restructuring plan [ID:nN30323164] > TEXT-G7 communique-April 24 [ID:nN24515491] > World government actions to limit bank bad loan damage [ID:nLL193589] > Major US financial regulation reform initiatives [ID:nN20382395] > Where has all the US bailout money gone ? [ID:nN0289041] > G20 summit final communique [ID:nL2577733] > US Treasury details toxic asset plan [ID:nLN437165] > Q&A - How will the US asset clean up plan work ? [ID:nN23293892] > US Treasury fact sheet on investment program [ID:nN23190502]
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