Weekly Global Financial News (June 9 – June 15)

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Oil Climbs on Iraq as Gold Gains While Asian Stocks Drop, By Bloomberg, Published: June 16
http://buswk.co/1nIrOob
Oil price rose and gold climbed to near a three-week high as escalating violence in Iraq sparked concerns about crude supplies.

BOJ to stand pat, may revise up view on overseas growth, By Reuters, Published: June 9
http://reut.rs/1shkXal
The Bank of Japan is set to keep monetary policy steady as Japan is weathering a recent domestic sales tax hike, signaling a recovery on solid domestic demand. The BOJ may thus offer a slightly more upbeat view on overseas growth.

China IPO market resumes after four-month hiatus, brokers to rue break, By Reuters, Published: June 10
http://reut.rs/1lxKjeP
China reopens mainland initial public offerings with seven new listings, being a relief for investors. But whether the new activity will be able to live up to expectations still remained as challenge.

Funds keep faith with euro money markets as rates dwindle, By Reuters, Published: June 15
http://reut.rs/1nf5q42
The European Central Bank’s decision to cut its deposit rate to negative is unlikely to cause a stampede out of euro zone money market funds as investors expect yields to stay positive in the near term.

All eyes on the Fed this week, By CNNMoney, Published: June 16
http://cnnmon.ie/1lraIfG
Investors keep close eye on Fed Chief Janet Yellen as when to increase interest rate becomes crucial to investment.

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