Chinese Yuan Sinks to 16 Month Lows vs. US Dollar
The Chinese Yuan fell to its lowest levels since December of 2012 against the US Dollar in early trading on Wednesday. The Yuan has depreciated 3 per cent versus the greenback so far this year. The People’s Bank of China (PBOC) intervened to weaken the currency in February and March in a move
Stock markets abuzz with earnings surprises
Before the start of the reporting season in the US– with Alcoa (AA) being notoriously the first company to release its figures on 8 April–analyst consensus was that S&P 500 companies were expected to announce Q1 results down -3.3% from the last period, whichwould only be the second quarterly reporting season since 2009 to see estimates lower.
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